Bulls Target Morgan Stanley Stock After Top-Line Beat

Morgan Stanley reported adjusted first-quarter earnings of $3.43 per share on $20.58 billion in revenue, both above expectations. The headline indicates a solid earnings beat from one of the major bank peers, supporting a mildly positive read-through for the company and the large-cap banking group.

Analysis

Morgan Stanley reported adjusted first-quarter earnings of $3.43 per share on $20.58 billion in revenue, both above expectations. The headline indicates a solid earnings beat from one of the major bank peers, supporting a mildly positive read-through for the company and the large-cap banking group.