Morgan Stanley announced its first-quarter financial results on Friday, surpassing analysts’ expectations as equity trading revenues experienced a dramatic increase of 45% due to heightened global market volatility.
Key figures from the report include:
- Earnings per share: $2.60 compared to an estimated $2.20 from LSEG
- Total revenue: $17.74 billion, exceeding the anticipated $16.58 billion
Shares of Morgan Stanley, along with many of its competitors, have experienced significant fluctuations in recent days, driven by concerns over potential recession provoked by President Donald Trump’s trade policies.
The firm’s expansive wealth management division is expected to benefit from the elevated stock market valuations during the quarter, likely boosting the management fees collected.
Additionally, analysts are expected to inquire about the future of investment banking activities, which could face limitations due to prevailing economic tensions.
This story is developing. Please stay tuned for further updates.
