Morgan Stanley Beats Handily On EPS, Misses On Revs

April 21, 2011

Morgan Stanley (NYSE:MS) reported Q1 EPS of $0.50 today, well above the consensus estimate for $0.34 per share. Revenue for the quarter was down 16.5% year-over-year to $7.6 billion, missing the consensus estimate for $7.9 billion.James P. Gorman, President and Chief Executive Officer, said, "We continued to strengthen our client franchise and delivered solid results across many of our businesses. Our premier investment banking franchise remains a clear industry leader - maintaining our #1 ranking in global M&A in a robust deal market. We also made gains in key areas of focus - with our best results in equities since the financial crisis; significant improvement in fixed income and commodities from last quarter; and positive flows across wealth management and asset management. I am confident that Morgan Stanley is well-positioned to seize the opportunities presented by today's market environment and deliver long-term value to our clients, shareholders and employees."