Morgan Stanley tops expectations on wealth management, trading and investment banking results

📆 4/16/2024 6:13 AM
📰 CNBC

⏱ Reading Time:
10 sec. here
16 min. at publisher
📊 Quality Score:
News: 56%
Publisher: 72%

Breaking News: Earnings News

Investment Strategy,Breaking News: Investing,Breaking News: Markets

How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

on Tuesday posted results that topped analysts' estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations.Revenue: $15.14 billion, vs. expected $14.41 billion

Wealth management revenue rose 4.9% to $6.88 billion, topping the StreetAccount estimate by $230 million, as rising markets helped boost fee revenue and offset a decline in interest income.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley sees upside for these senior housing stocks as the U.S. population agesThe firm highlighted a pair of senior housing real estate investment trusts.
Source: CNBC - 🏆 12. / 72 Read more »

'Big bargains': Morgan Stanley names 3 overlooked global tech stocks, giving one almost 100% upsideThe investment bank names three 'overlooked' stocks that it says look cheap, giving one nearly 100% upside.
Source: CNBC - 🏆 12. / 72 Read more »