earnings
confidence high
sentiment negative
materiality 0.65
Morgan Stanley Q1 EPS $1.70, down 16% YoY; revenues $14.5B; Wealth Mgmt net new assets $110B
MORGAN STANLEY
2023-Q1 EPS reported
$1.70
- Net income $3.0B ($1.70 EPS) vs $3.7B ($2.02 EPS) YoY; ROTCE 16.9% vs 19.8%.
- Wealth Management net revenues $6.6B (+11% YoY); net new assets $110B; pre-tax margin 26.1%.
- Institutional Securities net revenues $6.8B, down 11% YoY; Investment Banking down 24% to $1.25B.
- Dividend declared $0.775/share; share repurchases $1.5B in quarter; CET1 ratio 15.1%.