Morgan Stanley Q1 earnings beat, helped by investment banking, credit benefit [Seeking Alpha]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Seeking Alpha
wealth management revenue helped push Q1 earnings past the average analyst estimate. Q1 GAAP EPS of $2.02, topping the $1.66 consensus, rose/fell from $0.85 in Q4 2023 and $1.70 in Q1 2023. Net revenue of $15.2B, vs. the $14.4B consensus, increased from $12.9B in the previous quarter and $14.5B a year ago. Pretax profit margin of 29% vs. 16% in the prior quarter and 26% a year ago. Compensation and benefits as a percentage of net revenue edged down to 44% from 46% in Q4 and 44% in Q1 2023. Morgan Stanley's ( MS ) net interest income of $1.80B, missing the $1.99B Visible Alpha consensus, dipped from $1.90B in Q4 2023 and $2.35B in Q1 2023. Provision for credit losses of -$6M, vs. the $74.7M Visible Alpha consensus, compares with $3M in the previous quarter and $234M a year ago. Return on average tangible common equity increased to 19.7% from 8.4% in Q4 and 16.9% in Q1 2023. Revenue by segment: Institutional Securities: $7.02B, jumped 42% Q/Q and 3% Y/Y; investment banki
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- MS's page on the SEC website