earnings
confidence high
sentiment positive
materiality 0.80
Morgan Stanley Q1 2024 net rev $15.1B, EPS $2.02, ROTCE 19.7% vs year-ago $14.5B, $1.70
MORGAN STANLEY
2024-Q1 EPS reported
$2.02
- Net income $3.4B vs $3.0B YoY; diluted EPS $2.02 vs $1.70. Wealth Mgmt net rev $6.9B, up 5%.
- Institutional Securities net rev $7.0B (+3% YoY); equity underwriting rev doubled to $430M.
- Wealth Mgmt net new assets $94.9B; fee-based client assets $2.12T. Investment Mgmt AUM $1.505T.
- Board declared $0.85 quarterly dividend, payable May 15, 2024. Share repurchases $1.0B in Q1.
- CET1 ratio 15.1% (Standardized); booked PCL benefit of $6M vs $234M provision year ago.