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.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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.
Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »

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
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »