AuthorJohn LesleyReading 1 minViews1Published byModified by
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Morgan Stanley (MS), which is a division of Morgan Stanley, has posted better than expected first-quarter earnings on the backs of record trading revenue in volatile markets.
The bank reported earnings per Share (EPS) of 2.60 on revenue records of $17.74 Billion. Visible Alpha surveyed analysts who had predicted $2.18 billion and $16.44 billion respectively.
Morgan Stanley’s performance was boosted by equity revenue, which grew 45% over the past year to a record of $4.13 billion. The bank reported “increases in business lines and regionally, especially in Asia, with strong client activity in a more volatile trading climate.”
Morgan Stanley shares have been down about 1% recently but are up more than 20 percent in the last year.
John Lesley, widely recognized as LeadZevs, is a highly skilled trader with a focus on the cryptocurrency market. With more than 14 years of experience navigating various financial landscapes, including currencies, indices, and commodities, John has honed his expertise in technical analysis and market forecasting.
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His deep knowledge of market dynamics and technical indicators empowers traders to make informed decisions in the fast-paced world of cryptocurrency.
