Folks stroll out of the Morgan Stanley international headquarters in Manhattan on March 20, 2025 in New York Metropolis.
Spencer Platt | Getty Photographs
Morgan Stanley on Friday reported first-quarter outcomes that topped estimates as inventory buying and selling income surged 45% amid rising international volatility.
Here is what the corporate reported:
Earnings: $2.60 a share vs. $2.20 a share LSEG estimateRevenue: $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 climbed 17% to a file $17.74 billion.
Fairness buying and selling was the standout this quarter, as income 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 significantly in Asia and in operations catering to hedge funds “pushed by robust shopper exercise amid a extra unstable buying and selling setting.”
Elsewhere, the corporate largely met expectations.
Mounted revenue buying and selling rose 5% to $2.6 billion, primarily matching the StreetAccount estimate. Funding banking elevated 8% to $1.56 billion, just below the $1.61 billion estimate.
Wealth administration income jumped 6% to $7.33 billion, matching the estimate.
Shares of Morgan Stanley, like these of its friends, have whipsawed in latest 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 helped by excessive inventory market values within the first quarter, which inflates the administration charges it collects.
Analysts will wish to ask concerning the outlook for mergers and IPO listings, which can be curtailed amid the tensions.
