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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.
Morgan Stanley
Morgan Stanley
Morgan Stanley Revenue by Segment
Revenue by Segment
Institutional Securities Revenue
CapyFin.comWealth Management Revenue
CapyFin.comInvestment Management Revenue
CapyFin.com Forward Guidance
The earnings release does not contain specific forward guidance. Therefore, no forward guidance is provided.