Morgan Stanley Q1 profit jumps 26% to $4.3 billion as equity trading revenue soars 45% – CNBC TV18
The bank noted strong performance across its global franchise, particularly in Asia and services for hedge funds, fuelled by increased client activity in a volatile trading environment. The bank’s results beat analyst expectations, powered by a sharp rise in equity trading revenue amid heightened market volatility.
It posted earnings of $2.60 per share, ahead of the $2.20 consensus estimate from LSEG (London Stock Exchange Group), with net income rising 26% to $4.32 billion. The bank’s revenue climbed 17% year-on-year to a record $17.74 billion, beating the $16.58-billion estimate.
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Other businesses delivered in line with expectations. Fixed income trading rose 5% to $2.6 billion, while investment banking revenue increased 8% to $1.56 billion, slightly below the $1.61-billion forecast. Wealth management revenue rose 6% to $7.33 billion, matching projections, supported by elevated stock market valuations that boosted fee income.
Shares of Morgan Stanley, along with its peers, have seen volatility recently amid market uncertainty tied to former President Donald Trump’s trade policies, which have raised recession concerns.
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(Edited by : Shoma Bhattacharjee)
