Morgan Stanley earnings are out – Here are the numbers

Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting:

• Earnings: $3.43 a share, vs. expected $3
• Revenue: $20.58 billion, vs. expected $19.72 billion

Morgan Stanley is expected to benefit from robust investment banking and trading revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs have shown in their reports this week.

Stocks were whipsawed in the first quarter on concerns over AI-led disruption and the Iran war, which may have impacted the fees collected by the firm’s massive wealth management business.  

Analysts will want to know what CEO Ted Pick has to say on the business outlook for the rest of the year as geopolitical tensions remain high.

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