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".


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