Morgan Stanley stock falls despite earnings beat

Morgan Stanley MS stock fell 1.9% in premarket trades Wednesday after the investment bank reported lower net income and revenue that beat consensus estimates. Morgan Stanley’s first-quarter profit fell to $2.84 billion, or $1.70 a share, from $3.54 billion, or $2.02 a share, in the year-ago quarter. First-quarter revenue fell to $14.52 billion from $14.8 billion. Morgan Stanley was expected to earn $1.68 a share, with revenue of $13.97 billion, according to analyst estimates compiled by FactSet.

9% in premarket trades Wednesday after the investment bank reported lower net income and revenue that beat consensus estimates. Morgan Stanley’s first-quarter profit fell to $2.84 billion, or $1.70 a share, from $3.54 billion, or $2.02 a share, in the year-ago quarter. First-quarter revenue fell to $14.52 billion from $14.8 billion. Morgan Stanley was expected to earn $1.68 a share, with revenue of $13.97 billion, according to analyst estimates compiled by FactSet.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Morgan Stanley warns stock market is still 'far from out of the woods'Morgan Stanley strategist Michael Wilson warned in a Monday note that stock-market investors should prepare for 'more negative surprises' in coming months.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »

Stocks are in danger with Fed pause already priced in: Morgan StanleyStocks are entering a danger zone as they're already pricing in a Fed pause, top Morgan Stanley strategist says
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »