Morgan Stanley earnings beat by $0.03, revenue topped estimates

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Go back to Morgan Stanley earnings beat by $0.03, revenue topped estimates

Morgan Stanley First Quarter 2023 Earnings Results

April 19, 2023 7:30 AM EDT

Morgan Stanley Reports Net Revenues of $14.5 Billion, EPS of $1.70 and ROTCE of 16.9%

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley (NYSE: MS) today reported net revenues of $14.5 billion for the first quarter ended March 31, 2023 compared with $14.8 billion a year ago. Net income applicable to Morgan Stanley was $3.0 billion, or $1.70 per diluted share,1 compared with net income of $3.7 billion, or $2.02 per diluted share,1 for the same period a year ago.

James P. Gorman, Chairman and Chief Executive Officer, said, The Firm delivered strong results with a ROTCE of 17% in a... More