What to Expect When Morgan Stanley Reports Thursday Morning
Chris Lange. Source: Marieke Feenstra / Shutterstock.comMorgan Stanley (NYSE: MS) is scheduled to release its second-quarter financial results before the markets on Thursday. Morgan Stanley is one of the top 10 banks repurchasing $125 billion over the next year. This investment house received no objection to its 2019 capital plan, which includes the repurchase of up to $6.0 billion of outstanding common shares for the four-quarter period, an increase from $4.7 billion for the comparable similar period in the 2018 capital plan. In the first quarter, Morgan Stanley reported that its book value per common share totaled $42.83 while tangible book value per common share was $37.62.