© Reuters. Morgan Stanley Earnings, Beat Q1 Sales
Investment.com – Morgan Stanley (NYSE 🙂 reported the first quarter on Friday, beating analysts’ forecasts and topping revenue expectations.
Morgan Stanley claims earnings per share of $ 2.22 on revenue of $ 15.72 billion. Analysts polled by Investing.com, predict EPS of $ 1.72 on revenue of $ 13.95 billion.
Morgan Stanley shares are up 17% YTD, still down 6.70% from a 52-week high of $ 86.62 established on March 18th. They are outperforming the S&P 500, capital increased 11.03% compared to the beginning of the year.
Shares of Morgan Stanley rose 1.03% in pre-open trading following the report.
Morgan Stanley tracks other major financial sector earnings this month
The Morgan Stanley report follows the earnings beat of JPMorgan on Wednesday, who reported an EPS of $ 4.5 with $ 33.12 billion in revenue, compared with an EPS forecast of $ 3.06. on sales of 30.46 billion dollars.
UnitedHealth beat expectations on Thursday with first quarter EPS of $ 5.31 on $ 70.2 billion in revenue, compared with forecasts for $ 4.38 in EPS on $ 69.03 billion in sales. la.
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