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Stock impact report

Morgan Stanley: Well Positioned [Seeking Alpha]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Seeking Alpha
SummaryJames Gorman has done a remarkable job in restructuring Morgan Stanley and has the bank in a good position to weather the coming recession and financial crisis.Morgan Stanley's return on tangible common equity is among the highest of the largest banks and its capital position is outstanding.Mr. Gorman and Morgan Stanley, the smallest of the large banks, are still planning to be among the best of the biggest and they seem set to carry this off.Morgan Stanley (NYSE:MSNet income came in at $1.70 billion in the first quarter, down from $2.43 billion one year earlier, a 30% decline.Net revenues were down by 7.8%, falling from $10.29 billion to $9.49 billion.The provision for credit losses came in just under $700 million, far less than that taken by the other five large US banks.Overall performance showed the bank earned a return on tangible common equity of 9.7%, which was down from the first quarter’s performance of 14.9% in 2019.In terms of its capital position, Morgan Stanley pos Show less Read more
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