Morgan Stanley (MS) has reported exceeding quarterly estimates, with equity trading revenue increasing by 45% and profit beating estimates. The financial giant also saw a boost in earnings from X debt sale by Elon Musk, boosting Q1 results. The company's Q1 credit loss provision shot up to $135 million due to a weakening macroeconomic forecast. Nonetheless, MS stock is on an upward trend, beating strong Q1 estimates and raising client assets. Despite a plan to lay off about 2,000 employees to cut expenses, Morgan Stanley reported robust Q1 2025 earnings with strong revenue growth. MS also declared a US$0.93 dividend. Despite minor slips, MS shares rose and continue to show potential for more upside. On the downside, the company is facing some backlash due to its DEI initiatives. Looking ahead, the MS CEO is optimistic about future deals, and market watchers should keep an eye on the company's next moves.
Morgan Stanley MS News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 12 Apr 2025 13:03:27 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -4
