Morgan Stanley Q1 Net Profit, Revenues Increase

Morgan Stanley reported first-quarter net income applicable to shareholders of $5.41 billion, up 30% from $4.25 billion a year earlier, with EPS rising to $3.43 from $2.60. The result indicates solid underlying profitability for the financial services firm and is supportive of company fundamentals. The article provides no guidance or other catalysts beyond the earnings growth.

Analysis

Morgan Stanley reported first-quarter net income applicable to shareholders of $5.41 billion, up 30% from $4.25 billion a year earlier, with EPS rising to $3.43 from $2.60. The result indicates solid underlying profitability for the financial services firm and is supportive of company fundamentals. The article provides no guidance or other catalysts beyond the earnings growth.