Morgan Stanley (NYSE:MS) First Quarter 2024 Results

Key Financial Results

• Revenue: US$15.1b (up 6.0% from 1Q 2023).
• Net income: US$3.27b (up 15% from 1Q 2023).
• Profit margin: 22% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.04 (up from US$1.72 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Morgan Stanley Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Be aware that Morgan Stanley is showing 2 warning signs in our investment analysis that you should know about...

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