Morgan Stanley (NYSE: MS) reported Q1 EPS of $1.45, may not compare to the analyst estimate of $1.25. Revenue for the quarter came in at $11.1 billion versus the consensus estimate of $10.36 billion.

James P. Gorman, Chairman and Chief Executive Officer, said, “We delivered very strong results this quarter, with record revenues and net income - and an ROE above our target range. Each of our businesses performed well, with significant client engagement across our global franchise, and Sales and Trading a particular highlight in a more active environment.”