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A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.
Brendan McDermid | Reuters
Morgan Stanley on Thursday reported first-quarter earnings that surpassed Wall Street expectations, thanks to the bank’s solid revenue gains from trading.
Shares of the New York-based bank rose 0.8% on Thursday.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $2.02 vs. $1.68 expected
- Revenue: $14.8 billion vs. $14.2 billion expected
The bank saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets and higher…
Source cnbc.com
