• 99
  • 28
  • Favorite

Morgan Stanley posts better-than-expected earnings

Tiger Newspress2021-04-16

(April 16) Morgan Stanley posts better-than-expected earnings. Here are the numbers:

  • Morgan Stanley Q1 adj. EPS $2.22 vs. $1.01 a year ago; FactSet consensus $1.72.
  • Morgan Stanley Q1 revenue $15.72 bln vs. $9.78 bln a year ago; FactSet consensus $14.10 bln.
  • Morgan Stanley Q1 net interest income $2.03 bln vs. $1.36 bln; FactSet consensus $1.60 bln.
  • Provision for credit losses on loans and lending commitments of $(93) million in the current quarter compared with $388 million in the prior year reflects a release in the allowance for credit losses driven by improvements in the outlook for macroeconomic conditions.
  • Book value of $52.71 vs. $51.85 consemsus, tangible book value of $38.97 vs. $41.52 consesus.

The comparisons of current year results to prior periods were impacted by the acquisitions of Eaton Vance Corp. (“Eaton Vance”) completed on March 1, 2021, reported in the Investment Management segment and E*TRADE Financial Corporation (“E*TRADE”) completed in the fourth quarter of 2020, reported in the Wealth Management segment.

James P. Gorman, Chairman and Chief Executive Officer, said, “The Firm delivered record results. The integrated Investment Bank continues to thrive. We closed the acquisition of Eaton Vance which takes Investment Management to over $1.4 trillion of assets. Wealth Management brought in record flows of $105 billion. The Firm is very well positioned for growth in the years ahead.”

Morgan Stanley fell 0.33% in premarket trading.

Morgan Stanley First Quarter 2021 Earnings Results <<<

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment28

  • StepUp
    ·2021-04-19
    Morgan Stankey may be in for a wining streak
    Reply
    Report
  • DesmondChin
    ·2021-04-18
    It's Pandemic year last year
    Reply
    Report
  • District19
    ·2021-04-18
    Bank will fly?
    Reply
    Report
  • xuanlin
    ·2021-04-18
    Comment n like
    Reply
    Report
    Fold Replies
    • Jrrr92
      comment n like back thanks
      2021-04-18
      Reply
      Report
  • Kelvinphan
    ·2021-04-18
    Like & comment 
    Reply
    Report
    Fold Replies
  • Tendollar
    ·2021-04-18
    Will it b too late to join the party?
    Reply
    Report
  • SafetyFirst
    ·2021-04-17
    Rotate back to financials?
    Reply
    Report
    Fold Replies
    • Jweikit
      Nice
      2021-04-18
      Reply
      Report
    • SafetyFirst
      pls comment
      2021-04-17
      Reply
      Report
  • TerenceD
    ·2021-04-17
    That’s really ?? 
    Reply
    Report
    Fold Replies
  • Asterix
    ·2021-04-17
    ?
    Reply
    Report
  • r39
    ·2021-04-17
    Generally banks are reporting better than expected earnings this quarter
    Reply
    Report
  • Zhouqi
    ·2021-04-17
    Alrighty
    Reply
    Report
  • Hayleypang
    ·2021-04-17
    Naisee
    Reply
    Report
  • wtf899
    ·2021-04-16
    Omg[開心] [開心] 
    Reply
    Report
  • THsian
    ·2021-04-16
    Like pls
    Reply
    Report
  • JackTL
    ·2021-04-16
    damn good
    Reply
    Report
  • ct123456
    ·2021-04-16
    Ok
    Reply
    Report
  • Permapurps
    ·2021-04-16
    Comment and like please
    Reply
    Report
  • Permapurps
    ·2021-04-16
    Good
    Reply
    Report
    Fold Replies
    • Mickie
      Yea
      2021-04-16
      Reply
      Report
  • Vikkilai
    ·2021-04-16
    Okay
    Reply
    Report
  • J5385
    ·2021-04-16
    like n comment pls
    Reply
    Report
    Fold Replies
    • Vikkilai
      Commented
      2021-04-16
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial