Why did MS's earnings trend upward in 2024?

Morgan Stanley's earnings trended upward in 2024 due to several key factors: 1. **Robust Growth Signals**: Morgan Stanley anticipates strong growth signals in the months ahead, driven by heightened capital market activity and global developments. 2. **Tax Reforms and Infrastructure Spending**: The brokerage expects the government's focus on bringing the primary deficit to zero and increasing infrastructure spending to bolster earnings momentum. 3. **Energy Transition and Free Trade Agreements**: Morgan Stanley suggests that efforts towards energy transition and more free trade agreements could provide additional growth opportunities. 4. **Consumer Finance Outlook**: Morgan Stanley upgraded its view on consumer finance stocks to "attractive," citing positive fundamentals and a supportive regulatory environment. This includes easing inflation, lower unemployment, and stable lending standards, which are expected to support consumer finance earnings. 5. **India's Equity Market Potential**: Morgan Stanley highlights key drivers for India’s equity markets as the country enters the first quarter of CY2025, including robust growth signals, structural reforms, and government initiatives that are expected to bolster earnings momentum. In summary, Morgan Stanley's earnings trend upward in 2024 due to a combination of robust growth signals, favorable government policies, and positive market conditions in key sectors such as consumer finance and India's equity market. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|market_code| |---|---|---|---|---|---|---| |MS|MS.N|Morgan Stanley|2024 Q1|14.14441147378833|4.2639663842391675|169| |MS|MS.N|Morgan Stanley|2024 Q2|40.34218820351193|11.607341903841867|169| |MS|MS.N|Morgan Stanley|2024 Q3|32.484599589322386|15.896933624651549|169| |MS|MS.N|Morgan Stanley|2024 Q4|141.66125892277742|25.798697270471465|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |MS|MS.N|Morgan Stanley|2024 Q1|14.14441147378833|3.462E9|169| |MS|MS.N|Morgan Stanley|2024 Q2|40.34218820351193|3.117E9|169| |MS|MS.N|Morgan Stanley|2024 Q3|32.484599589322386|3.226E9|169| |MS|MS.N|Morgan Stanley|2024 Q4|141.66125892277742|3.724E9|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |MS|MS.N|Morgan Stanley|2024 Q1|4.2639663842391675|1.5136E10|169| |MS|MS.N|Morgan Stanley|2024 Q2|11.607341903841867|1.5019E10|169| |MS|MS.N|Morgan Stanley|2024 Q3|15.896933624651549|1.5383E10|169| |MS|MS.N|Morgan Stanley|2024 Q4|25.798697270471465|1.6223E10|169|