Morgan Stanley (NYSE: MS) reported its financial results for the quarter ended March 31, 2020 today.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/Morgan-Stanley-Earnings-Trend-1024x621.jpg)
Morgan Stanley posted a 30% drop in earnings due to lower top-line growth. Over the past two months, the company has witnessed more market volatility, uncertainty and anxiety as a result of the devastating COVID-19 than at any time since the financial crisis.
![Morgan Stanley (MS) Q1 2020 earnings review](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/Morgan-Stanley-Q1-2020-Earnings-Infographic.jpg)
The company has voluntarily ceased its share repurchase program in the first quarter to better support clients with lending and other services during the global pandemic. The Institutional Securities segment experienced the impact of the deterioration of credit in the global markets while market headwinds impacted Wealth Management. The decline in global asset prices hurt the Investment Management segment.
Past Performance
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed