Morgan Stanley (MS) Q1 Earnings Top on Revival of IB Business [Yahoo! Finance]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Yahoo! Finance
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 performance of the IB business has been subdued because of a host of factors, including high inflation, central banks' monetary tightening policy and geopolitical tension, among others. These factors kept the clients on the sidelines, and hence, global deal-making and underwriting activities almost crashed. Nonetheless, since mid-2023, some green shoots were visible in the IB business, with a proper rebound occurring in the first quarter of 2023. Morgan Stanley's quarterly performan
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MS
Earnings
- 4/16/24 - Beat
MS
Sec Filings
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- 4/30/24 - Form 424B2
- MS's page on the SEC website