Shares of Morgan Stanley MS fell 0.5% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were down 25.56% year over year to $0.99, which missed the estimate of $1.14.
Revenue of $9,487,000,000 less by 7.77% from the same period last year, which missed the estimate of $9,730,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Morgan Stanley hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Apr 16, 2020
Time: 09:02 AM ET
Webcast URL: https://www.morganstanley.com/about-us-ir
Technicals
52-week high: $57.57
52-week low: $27.20
Price action over last quarter: down 32.72%
Company Profile
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments. The company had $2.7 trillion of client assets as well as more than 60,000 employees at the end of 2019. Approximately half of the company's net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.
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