Investing.com - Morgan Stanley (NYSE:MS) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.33 on revenue of $10.29B. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $9.91B. That compared to EPS of $1.45 on revenue of $11.08B in the same period a year earlier. The company had reported EPS of $0.73 on revenue of $8.55B in the previous quarter.
For the year, Morgan Stanley shares are up 18.59%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 14.28% year to date.
Morgan Stanley follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.35 on revenue of $28.44B.
Bank of America earnings beat analyst's expectations on Tuesday, with first quarter EPS of $0.7 on revenue of $23B. Investing.com analysts expected EPS of $0.66 on revenue of $23.2B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar