Morgan Stanley: beats consensus in Q1
(CercleFinance.com) - Morgan Stanley has reported Q1 2108 net income that is up 42% at 2.
7 billion dollars, meaning EPS of 1.45 dollars, exceeding the consensus by about 20 cents.
Revenues increased by 14% to 11.1 billion dollars, once again a record level, with gains at its three divisions; institutional management, wealth management and investment management.
The investment bank explains that this performance, which is accompanied by a return on equity (ROE) that exceeds its target range, also reflects "significant operating leverage achieved through strong expense discipline".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7 billion dollars, meaning EPS of 1.45 dollars, exceeding the consensus by about 20 cents.
Revenues increased by 14% to 11.1 billion dollars, once again a record level, with gains at its three divisions; institutional management, wealth management and investment management.
The investment bank explains that this performance, which is accompanied by a return on equity (ROE) that exceeds its target range, also reflects "significant operating leverage achieved through strong expense discipline".
Copyright (c) 2018 CercleFinance.com. All rights reserved.