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Bank earnings reveal capital markets' 'resurgence': Analyst

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Morgan Stanley,Stephen Biggar,Investment Banking

Morgan Stanley (MS) and Bank of America (BAC) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America...

) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America posted revenue of $25.82 billion, surpassing estimates of $25.61 billion, alongside an adjusted EPS of $0.83, beating the $0.77 estimate. Similarly, Morgan Stanley reported revenue of $15.14 billion, outperforming the $14.46 billion estimate, with adjusted EPS of $2.02, exceeding the $1.66 estimate.

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Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets

 

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