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Morgan Stanley (MS) 2024 Q1 profit

Morgan Stanley CEO Ted Pick speaks on CNBC's Squawk Box during the World Economic Forum Annual Meeting in Davos, Switzerland on January 18, 2024.

Adam Garisi | CNBC

morgan stanley The wealth management, trading and investment banking division on Tuesday reported results that beat expectations and beat analysts' profit and revenue estimates.

Here's what the company reported:

  • Earnings: $2.02 per share, LSEG expected $1.66
  • Revenue: $15.14 billion, expected $14.41 billion

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

Pick's tenure began on a rocky note, as high interest rates prompted the bank's wealth management clients to move cash into higher-yielding securities.

But if competitors are any indication, Morgan Stanley could be helped by strong results from its investment banking and trading divisions this quarter.

last week, JP Morgan Chase, wells fargo and citygroup Each exceeded sales and profit expectations, and the streak continued. goldman sachs on monday. american bank It announced quarterly results early Tuesday.

Analysts are likely to question Mr. Pick over reports that multiple U.S. regulators have engaged in misconduct. investigating Morgan Stanley has pointed out that there may be flaws in its wealth management division's customer screening methods.

This story is developing. Please check back for the latest information.

Summarize this content to 100 words Morgan Stanley CEO Ted Pick speaks on CNBC's Squawk Box during the World Economic Forum Annual Meeting in Davos, Switzerland on January 18, 2024.Adam Garisi | CNBCmorgan stanley The wealth management, trading and investment banking division on Tuesday reported results that beat expectations and beat analysts' profit and revenue estimates. Here's what the company reported:Earnings: $2.02 per share, LSEG expected $1.66 Revenue: $15.14 billion, expected $14.41 billionHow did Morgan Stanley CEO Ted Pick perform in the first quarter after leading his company?Pick's tenure began on a rocky note, as high interest rates prompted the bank's wealth management clients to move cash into higher-yielding securities.But if competitors are any indication, Morgan Stanley could be helped by strong results from its investment banking and trading divisions this quarter.last week, JP Morgan Chase, wells fargo and citygroup Each exceeded sales and profit expectations, and the streak continued. goldman sachs on monday. american bank It announced quarterly results early Tuesday.Analysts are likely to question Mr. Pick over reports that multiple U.S. regulators have engaged in misconduct. investigating Morgan Stanley has pointed out that there may be flaws in its wealth management division's customer screening methods.This story is developing. Please check back for the latest information.
https://www.cnbc.com/2024/04/16/morgan-stanley-ms-earnings-q1-2024.html Morgan Stanley (MS) 2024 Q1 profit

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