Morgan Stanley reported first-quarter earnings-per-share of $1.39 today, beating Wall Street estimates.
$1.2 billion versus KBW's $1.4 billion estimate$1.7 billion, beating the $1.5 billion estimate, on gains in"client structuring activity within credit risk management" and credit trading.$804 million versus the $722 million KBW estimate.
"We delivered solid earnings despite a slow start to the year following the turbulent markets in the fourth quarter," CEO James Gorman said in the statement."Our results demonstrated the stability and breadth of our global franchise. Even though risks to the global environment remain, markets have recovered and we are well positioned to serve our clients and invest in our businesses.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley profit beats estimates on wealth management, lower costsMorgan Stanley beat analysts' estimates for a quarterly profit on Wednesday...
Read more »
Stocks making the biggest moves premarket: Netflix, IBM, PepsiCo, Morgan Stanley, Boeing & moreSome of the names on the move ahead of the open.
Read more »
Morgan Stanley takes lemons, makes weak lemonadeJames Gorman’s bank took a hit from weak equities trading, as did rivals. Its advisory business fared worse than theirs, and fixed-income trading did only a little better. What helped was decent wealth-management profit, cost cuts, and comparison with the preceding poor quarter.
Read more »
Morgan Stanley is set to report first-quarter earnings — here's what the Street expectsMorgan Stanley is the last of the six largest U.S. banks to report first-quarter earnings.
Read more »
Morgan Stanley, Goldman Sachs, and all 27 other banks working on Uber's mega-IPORBC Capital Markets, JMP Securities, Raymond James, and others managed to make it on the front page of both Lyft and Uber's coveted 2019 IPOs.
Read more »
J.P Morgan is soaring on earnings, and its rivals won't be able to catch up, says expertJ.P Morgan is soaring on earnings, and its rivals won't be able to catch up, says expert $JPM (via tradingnation)
Read more »
Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beatsFinancial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase...
Read more »
MORGAN STANLEY: This earnings season is the 'moment of truth' for stocks. Here's why the signs are pointing to a major disappointment for investors.Morgan Stanley's top US equity strategist says investors want signs of improving earnings growth, and thinks the market is poised for disappointment.
Read more »
Uber files for IPO in one of the most eagerly awaited offerings since FacebookUber Technologies Inc. officially filed for an initial public offering with the Securities and Exchange Commission on Thursday afternoon, setting up one of...
Read more »