Morgan Stanley (MS) reported $15.14 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.3%. EPS of $2.02 for the same period compares to $1.70 a year ago.The reported revenue represents a surprise of +4.60% over the Zacks Consensus Estimate of $14.47 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +19.53%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Morgan Stanley’s (MS) first-quarter 2024 earnings of $2.02 per share handily outpaced the Zacks Consensus Estimate of $1.69. The bottom line compared favorably with $1.70 per share reported in the prior-year quarter.Shares of the company gained more than 3.5% in the pre-market trading as better-than-expected results were largely driven by a rebound in investment banking (IB) business.Though advisory fees declined 28% year over year, underwriting fees witnessed solid improvement in the quarter. Specifically, ...

Morgan Stanley (MS) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.53%. A quarter ago, it was expected that this investment bank would post earnings of $1.05 per share when it actually produced earnings of $1.13, delivering a surprise of 7.62%.Over the last four quarters, the comp ...

Key TakeawaysMorgan Stanley's first-quarter profit soared as revenue from investment banking, wealth management, and trading grew.Equity underwriting revenue more than doubled on increased IPO activity.Assets under management (AUM) rose by $143 billion to $1.51 trillion. Morgan Stanley (MS) significantly exceeded profit expectations in the first quarter on strong investment banking, wealth management, and trading revenue. The financial firm posted earnings per share (EPS) of $2.02, well above estimates. Rev ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Morgan Stanley is set to report first-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects:Earnings: $1.66 a share, according to LSEGRevenue: $14.41 billionWealth management: $6.65 billion, according to StreetAccountTrading: Equities of $2.68 billion and fixed income of $2.37 billionInvestment Banking: $1.40 billionHow did Morgan Stanley ...

The performance of Morgan Stanley’s (MS) trading business (constituting a significant portion of its top line) is not expected to have been impressive in the first quarter of 2024, due to lower market volatility. Thus, the company’s trading numbers are not likely to have provided much support to its quarterly results, slated to be announced before the opening bell on Apr 16.Client activity was decent in the quarter. The expectations of a soft landing of the U.S. economy, a gradually cooling inflation and cl ...

Morgan Stanley offices at Canary Wharf financial district on 6th February 2024 in London, United ... [+] Kingdom. Morgan Stanley is an American multinational investment management and financial services company. (photo by Mike Kemp/In Pictures via Getty Images)In Pictures via Getty ImagesMorgan Stanley’s stock (NYSE: MS) has lost approximately 7% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock price decreased 5.2% yesterday vs a 0.74% increase in the broader index. Not ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysMorgan Stanley shares dropped by more than 5% Thursday after reports that regulators were probing the investment bank's wealth arm.The probes center around how the bank vets prospective clients who are at high risk of money laundering.Monitor if the Morgan Stanley share price can hold above a zone of support situated between a horizontal trendline and the 200-day moving average located from $83 to $85. Morgan Stanley (MS) shares slipped more than 5% Thursday after The Wall Street Journal report ...