Morgan Stanley Earnings, Revenue Beat in Q1
2022.04.14 16:20
Morgan Stanley Earnings, Revenue Beat in Q1
Investing.com – Morgan Stanley (NYSE:MS) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Morgan Stanley announced earnings per share of $2.06 on revenue of $14.8B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $14.38B.
Morgan Stanley shares are down 14% from the beginning of the year, still down 23.33% from its 52 week high of $109.73 set on February 10. They are under-performing the S&P Global 100 which is down 4.73% from the start of the year.
Morgan Stanley shares gained 1.65% in pre-market trade following the report.
Morgan Stanley follows other major Financial sector earnings this month
Morgan Stanley’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
