Company News: Morgan Stanley (MS) quarterly results beat analysts’ forecasts

Market news

17 April 2019

Company News: Morgan Stanley (MS) quarterly results beat analysts’ forecasts

Morgan Stanley (MS) reported Q1 FY 2019 earnings of $1.33 per share (versus $1.45 in Q1 FY 2018), beating analysts’ consensus of $1.17.

The company’s quarterly revenues amounted to $10.286 bln (-7.1% y/y), beating analysts’ consensus estimate of $9.963 bln.

MS rose to $47.98 (+2.04%) in pre-market trading.

U.S. mortgage applications fell 3.5 percent lats week

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