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Morgan Stanley in I quarter profit increased sharply
Section:   en » Banks      22 апреля 2015  
Morgan Stanley in I quarter profit increased sharply
 
Net profit of US bank holding company Morgan Stanley increased by 59% in January-March 2015, through trading with shares and brokerage commissions. Also, the bank received the largest adjusted revenue of more than 5 years.

Its net profit in I quarter rose to $ 2.39 billion, or $ 1.18 per share, compared with $ 1.51 billion, or $ 0.74 per share, for the same period a year earlier, according to a press release from the bank.

Adjusted profit was 85 cents per share, the consensus forecast of economists surveyed by Bloomberg, 78 cents per share.

Quarterly revenue rose bank by 10.3% to $ 9.91 billion ($ 9.78 billion excluding accounting adjustments), while the market was expecting an average $ 9.17 billion.

Adjusted revenue from trading in shares increased by 33% to $ 2.27 billion. In view of the Morgan Stanley lost its leading position in this sector by the end of last quarter, giving it earned $ 2.32 billion Goldman Sachs.

Morgan Stanley income in Wealth Management increased by 6.2% to $ 3.83 billion.

Revenue from trading fixed income, currencies and commodities (FICC) without taking into account a number of articles has increased by 15% to $ 1.9 billion. Morgan Stanley issued statements last of the six largest US banks.
 
See also:

  • Bank of America has reduced the profit by 13%
  • Citigroup cut its earnings and revenue in the I quarter of 2016
  • Deutsche Bank increased its profit more than tripled
  • Barclays cut its net profit by 52%
  • American Express recorded a net profit growth of 6.5%


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