This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Morgan Stanley Shrugs Off Sector's Revenue Slowdown

Stocks in this article: MS

NEW YORK ( TheStreet) --  Morgan Stanley (MS) posted better-than-expected first-quarter results as its revenue surged at the highest rate among banks that have reported so far this earnings season.

Excluding accounting adjustments, revenue climbed 3.8% year over year to $8.8 billion, more than half of which was a product of continued strength in its institutional securities segment (responsible for services such as corporate capital raisings and restructurings).

Fixed income revenue, which has shown signs of softness at other banks, climbed 13% year over year to $1.7 billion. The New York-based bank said the strong performance reflected improvement in credit and securitized products despite lower volumes in the segment.

Comparatively, JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) recently reported an overall year-over-year revenue drop of 8%, 2% and 3%, respectively.

Over the three months to March, Morgan Stanley reported per-share earnings of 68 cents a share, 7 cents higher than a year earlier.

Analysts surveyed by Thomson Reuters forecast earnings of 59 cents a share and revenue of $8.5 billion, reflecting a 0.5% year-over-year increase.

The bank posted Common Equity Tier 1 ratio of 14.1% and tangible book value per share of $27.41.

Before market open, shares had added 2.3% to $30.57.

-- Written by Keris Alison Lahiff in New York. 

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs