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Mar 31, 2024
Morgan Stanley Q1 2024 Earnings Report
Reported net revenues of $15.1 billion and EPS of $2.02, demonstrating a strong ROTCE of 19.7%.
Key Takeaways
Morgan Stanley reported strong first quarter 2024 results, with net revenues of $15.1 billion and earnings per share of $2.02. The firm's ROTCE reached 19.7%, and it saw substantial net new asset growth, reaching $7 trillion in client assets across Wealth and Investment Management. Institutional Securities also performed well, with strength in markets and underwriting businesses.
Net revenues reached $15.1 billion, with net income of $3.4 billion.
Return on tangible common equity (ROTCE) was a strong 19.7%.
Expense efficiency ratio improved to 71%, showing operating leverage.
Wealth Management pre-tax margin was 26.3%, with $95 billion in net new assets.
Revenue by Segment
Forward Guidance
The earnings release does not contain specific forward guidance. Therefore, no forward guidance is provided.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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