Categories AlphaGraphs, Earnings, Finance
MS Infographic: Morgan Stanley reports higher revenue and profit for Q1 2024
Banking giant Morgan Stanley (NYSE: MS) announced financial results for the first quarter of 2024, reporting an increase in revenues and net profit.
Net income applicable to shareholders was $3.41 billion or $2.02 per share in the first quarter of 2024, compared to $2.98 billion or $1.70 per share in the same period a year ago.
The bank’s revenues increased to $15.14 billion in Q1 from $14.52 billion in the corresponding period of 2023. It delivered ROTCE of 19.7%.
Ted Pick, chief executive officer of Morgan Stanley, said, “In the first quarter of 2024 Morgan Stanley generated net revenues of $15 billion and earnings of $2.02 per share for a 20% return on tangible equity. As a result of strong net new asset growth, the Firm has reached $7 trillion of client assets across Wealth and Investment Management. Institutional Securities also saw strength across the markets and underwriting businesses.”
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Take-Two Interactive Software (TTWO): Key takeaways from the Q4 2024 earnings report
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed green on Friday. The stock has gained 7% over the past 12 months. The company reported its fourth quarter 2024 earnings
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
