Morgan Stanley Q1 beats estimates on trading business strength

April 20, 2015 12:31 PM

53 0

Morgan Stanley Q1 beats estimates on trading business strength

Morgan Stanley (MS) said Monday its first quarter net income from continuing operations rose 59% to $2.4 billion largely due to gains in its trading business.

Earnings per diluted share, not including a one-time tax benefit, totaled $1.14, handily beating analysts’ consensus estimate of 79 cents.

Also read: Trump to pick billionaire Wilbur Ross as Commerce secretary

Read more

To category page

Loading...