According to the report for the first quarter earnings, Morgan Stanly still exceed analyst expectations. Stanley beats total expectations despite the huge decrease in profit.
In that said report, the firm showed thinner earnings per share of $0.55 on revenue of $7.88 billion.
Despite the diluted earnings on the report, Stanly were expected to have only earnings per share of $0.47 on revenue of $7.76 billion, according to Bloomberg.
This can be compared to the results from the same quarter last year showing the latest results are still significantly down. Last year’s same quarter showed that Morgan Stanley reported diluted earnings per share earnings of $1.18 on revenue of$9.91 billion.