Morgan Stanley’s first-quarter results exceeded expectations. The company’s earnings increased by 26% to $4.32 billion, translating to $2.60 per share. Revenue saw a 17% rise, reaching a record $17.74 billion. The standout performance came from equity trading, which soared 45% to $4.13 billion. This figure was $840 million above the StreetAccount estimate. The surge in equity trading was attributed to heightened client activity in a volatile market, particularly in Asia and among hedge funds. Other sectors of the company performed in line with expectations. Fixed income trading grew by 5% to $2.6 billion, closely aligning with the StreetAccount estimate. Investment banking revenue increased by 8% to $1.56 billion, slightly below the $1.61 billion forecast. Wealth management revenue rose 6% to $7.33 billion, meeting the estimate.
The Transcript
@TheTranscript_
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4h Morgan Stanley CEO: “The Integrated Firm delivered a very strong quarter with record net revenues of $17.7 billion and EPS of $2.60, and an ROTCE of 23.0%”$MS: +1% PM
Hazel Myers
@MyersHazel9751
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2h Morgan Stanley earnings boosted by record equity trading
Morgan Stanley’s record equity trading surge is a fascinating snapshot of just how much institutional money is currently flowing into the market – and whether it’s genuinely fueled by confidenc…
Violet Carter
@carter_vio46084
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2h Morgan Stanley earnings boosted by record equity trading
Morgan Stanley’s surge in equity trading revenue is a fascinating sign – are we seeing a genuine shift in investor appetite for stocks, or just a temporary rebound fueled by market volatility? …
CNBC-TV18
@CNBCTV18Live
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2h Morgan Stanley Q1 profit jumps 26% to $4.3 billion as equity trading revenue soars 45%
@jpullokaran
TrendSpider
@TrendSpider
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4h $MS Morgan Stanley’s Q1 profit jumps 26% as trading revenue surges amid market volatility.~EPS: $2.60 vs $2.20 est
~REV: $17.74B vs $16.57B esthttp://trendspider.cc/MS +0.85%
Lawrence Faber
@FaberLawre1518
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2h Morgan Stanley earnings boosted by record equity trading
Morgan Stanley’s record equity trading surge is a fascinating snapshot of Wall Street’s current obsession with volatility and a clear signal that institutional investors are still finding ways …
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