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Morgan Stanley (NYSE:MS) on Wednesday posted better-than-expected earnings for the first quarter.
The company posted EPS of $3.43, beating market estimates of $3.00. The company’s sales came in at $20.580 billion, topping expectations of $19.724 billion.
Wealth Management delivered revenues of $8.5 billion with a pre-tax margin of 30.4%, reflecting strong asset management revenues, robust levels of client activity and higher net interest income.
Morgan Stanley shares fell 0.1% to $191.45 in pre-market trading.
These analysts made changes to their price targets on Morgan Stanley …
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