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Morgan Stanley Shares Rebound On Strong Revenues

Posted on AllSides April 16th, 2024
From The Right

Morgan Stanley Shares Rebound On Strong Revenues Morgan Stanley shares are quickly recovering from last week's mauling (after WSJ reported regulatory probes of how the bank handles wealth management clients “who are at risk of laundering money"), this morning after reporting Q1 wealth management and equities trading revenue that beat expectations. Net revenue $15.14 billion, estimate $14.46 billion (Bloomberg Consensus) Wealth management net revenue $6.88 billion, estimate $6.69 billion (Net new assets in the division, a key metric tracked by Morgan Stanley watchers, were $95 billion, higher than the previous...

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