Morgan Stanley Exceeds Earnings Estimates, Shares Rise 5%
Morgan Stanley reported strong first-quarter results, beating both revenue and earnings estimates, leading to a 5% rise in its stock price. The company's net revenue increased by 16% year-over-year to $20.6 billion, while GAAP net income rose 29% to $5.6 billion. The performance was driven by growth in capital markets and wealth management operations.
Tickers: $MS
Topics: Earnings Morgan Stanley Net Income Revenue Stock Performance