Morgan Stanley CEO Ted Pick speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland, on January 23, 2025.
Jerry Miller | CNBC
Morgan Stanley announced its first quarter results before the opening bell on Wednesday.
Here’s how the company reported compared to the expectations of Wall Street analysts surveyed by LSEG:
Earnings: $3.43 per share, vs. $3 expected Revenue: $20.58 billion, vs. $19.72 billion expected
Morgan Stanley is expected to benefit from strong investment banking and trading revenue this quarter, as rivals JPMorgan Chase & Co. and Goldman Sachs Co. indicated in reports this week.
The company’s stock price fell sharply in the first quarter on concerns about AI-driven disruption and war with Iran, which may have affected the fees it collects on its large wealth management business.
Analysts will be curious to hear what CEO Ted Pick has to say about the business outlook for the rest of the year as geopolitical tensions remain high.
This story is developing. Please check back for the latest information.
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