NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Wednesday reported first-quarter earnings of $2.98 billion.
The company, based in New York, said it had earnings of $1.70 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The investment bank posted revenue of $22.55 billion in the period. Its revenue net of interest expense was $14.52 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $13.91 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS
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