Morgan Stanley: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 07:39 AM ET
Last Updated - Apr 16, 2024, 07:39 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Tuesday reported first-quarter profit of $3.41 billion.
The New York-based company said it had earnings of $2.02 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The investment bank posted revenue of $26.27 billion in the period. Its revenue net of interest expense was $15.14 billion, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $14.47 billion.
