Morgan Stanley recently posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations.
Here’s what the company reported: Earnings: $2.02 a share, vs. $1.66 expected, according to LSEG Revenue: $15.14 billion, vs. expected $14.41 billion
The bank said first-quarter profit rose 14% from a year earlier to $3.41 billion, or $2.02 a share, helped by rising results at each of its three main divisions. Revenue climbed 4% to $15.14 billion.
Wealth management revenue rose 4.9% to $6.88 billion, topping the StreetAccount estimate by $230 million, as rising markets helped boost fee revenue and offset a decline in interest income.
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. FORESIGHT which is the preeminent internal reference about equity markets, will provide more forward-looking and compelling investment suggestions to investors.
Subscribe to -unlock this article
Audience
per year
Subscriber