Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.
Gerry Miller | CNBC
Morgan Stanley on Wednesday posted results that topped analyst estimates as the firm’s trading operations generated $1 billion more in revenue than expected.
Here’s what the company reported:
- Earnings: $3.43 a share, vs. $3 LSEG estimate
- Revenue: $20.58 billion, vs. $19.72 billion estimate
Morgan Stanley is expected to benefit from robust investment banking and trading revenue in the quarter, as rivals JPMorgan Chase and Goldman Sachs have shown in their reports this week.
Stocks were whipsawed in the first quarter on concerns over AI-led disruption and the Iran war, which may have impacted the fees collected by the firm’s massive wealth management business.
Analysts will want to know what CEO Ted Pick has to say on the business outlook for the rest of the year as geopolitical tensions remain high.
This story is developing. Please check back for updates.
