Morgan Stanley’s (MS) first-quarter 2024 earnings of $2.02 per share handily surpassed the Zacks Consensus Estimate of $1.69. The figure also compared favorably with $1.70 per share reported in the prior-year quarter.Additionally, MS’ net revenues of $15.14 billion beat the Zacks Consensus Estimate of $14.47 billion. The top line grew 4% year over year.The primary reason for Morgan Stanley’s better-than-expected performance was the resurgence of the investment banking (IB) business. Since 2022, the performa ...

Investors on Wall Street were bullish on Morgan Stanley after the investment banking giant reported first-quarter profits that blew away analyst forecasts on Tuesday — the first full quarter under newly installed CEO Ted Pick.Shares of Morgan Stanley gained more than 3% on the New York Stock Exchange after the bank reported a 16% jump in revenue compared to the first quarter of last year.Morgan Stanley’s fixed-income underwriting also performed well thanks to higher bond issuance — rising $556 million compa ...

Morgan Stanley (NYSE:MS) Q1 2024 Results Conference Call April 16, 2024 9:30 AM ET Company Participants Ted Pick - Chief Executive Officer Sharon Yeshaya - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Dan Fannon - Jefferies Devin Ryan - Citizens JMP Gerard Cassidy - RBC Operator Good morning. Welcome to Morgan Stanley's First Quarter 2024 Earnings Call. O ...

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 ...