Morgan Stanley (MS) Outperforms Estimates with $1B Trading Revenue Increase

Published on Β· Source: cnbc.com

Morgan Stanley (MS) Outperforms Estimates with $1B Trading Revenue Increase

AI Summary

Summarized by AI from the source below

Morgan Stanley (MS) reported Q1 earnings of $3.43 per share, surpassing the $3 estimate, reflecting a 29% profit jump to $5.57 billion. Total revenue increased by 16% to $20.58 billion, exceeding the $19.72 billion forecast. Trading revenue alone exceeded expectations by $1 billion, with equities trading revenue reaching a record $5.15 billion, up 25%. Fixed income revenue also rose by 29% to $3.36 billion, fueled by strong commodities trading amidst energy market volatility.

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About Morgan Stanley (MS)

Morgan Stanley is a leading global investment bank and wealth manager.

The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.

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