Folks stroll out of the Morgan Stanley world headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Pictures
Morgan Stanley on Friday reported first-quarter outcomes that topped estimates as inventory buying and selling income surged 45% amid rising world volatility.
Here is what the corporate reported:
- Earnings: $2.60 a share vs. $2.20 a share LSEG estimate
- Income: $17.74 billion vs. anticipated $16.58 billion
The corporate mentioned earnings rose 26% to $4.32 billion, or $2.60 per share, whereas income rose 17% to a file $17.74 billion.
Fairness buying and selling was the standout this quarter, as revenues jumped 45% to $4.13 billion, about $840 million greater than the StreetAccount estimate.
Morgan Stanley mentioned that its fairness outcomes have been robust throughout its franchise, however notably in Asia and in operations catering to hedge funds “pushed by robust consumer exercise amid a extra risky buying and selling atmosphere.”
Elsewhere, the corporate principally met expectations.
Fastened revenue buying and selling rose 5% to $2.6 billion, primarily matching the StreetAccount estimate. Funding banking rose 8% to $1.56 billion, just below the $1.61 billion estimate.
Wealth administration income rose 6% to $7.33 billion, matching the estimate.
Shares of Morgan Stanley, like these of its friends, have whipsawed in current days as President Donald Trump’s commerce insurance policies have elevated concern that the U.S. was headed for a recession.
The financial institution’s large wealth administration enterprise was be helped by excessive inventory market values within the first quarter, which inflates the administration charges it collects.
Analysts will need to ask concerning the outlook for mergers and IPO listings, which can be curtailed amid the tensions.
This story is growing. Please verify again for updates.
