Morgan Stanley reports Q1 EPS $2.02, consensus $1.66

Reports Q1 revenue $15.14B, consensus $14.41B. Reports Q1 CET1 capital ratio 15.1%. Reports Q1 tangible book value per share $41.07. Reports Q1 ROTCE 19.7%. Ted Pick, Chief Executive Officer, said, “In the first quarter of 2024 Morgan Stanley generated net revenues of $15 billion and earnings of $2.02 per share for a 20% return on tangible equity. As a result of strong net new asset growth, the Firm has reached $7 trillion of client assets across Wealth and Investment Management. Institutional Securities also saw strength across the markets and underwriting businesses. The Morgan Stanley Integrated Firm model is delivering durable results.”