Morgan Stanley: Q1 revenues reach 9.7 billion dollars.

(CercleFinance.com) - On Wednesday US bank investment bank Morgan Stanley released Q1 revenues of 9.
7 billion dollars, vs. 7.8 billion dollars in the same period last year.

Net income applicable to Morgan Stanley was also up at 1.9 billion dollars, or 1.00 dollar per diluted share, compared with net income of 1.1 billion dollars, or 0.55 dollar per diluted share, for the same period a year ago. The Common Equity Tier 1 ratio stood at 17.4% at end-March, the group announced in a statement.

All of our businesses have performed satisfactorily in an improved market environment," James P. Gorman, Chairman and Chief Executive Officer, said, adding that the group has confidence in its business model and in its ability to identify opportunities, even though "the environment remains uncertain."


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