5 Earnings Reports Grabbing Everyone’s Attention

In this article, we discuss the 5 earnings reports grabbing everyone’s attention. If you want to read our detailed analysis of these companies, go directly to the 10 Earnings Reports Grabbing Everyone’s Attention.

5. Morgan Stanley (NYSE:MS)

Number of Hedge Fund Holders: 65

Shares of Morgan Stanley (NYSE:MS) slightly moved up on Thursday, April 14, 2022, after beating expectations for the first quarter. The Manhattan-based investment bank reported earnings of $2.02 per share, compared to $2.19 per share in the year-ago period.

In addition, Morgan Stanley (NYSE:MS) posted revenue of $14.8 billion versus $15.7 billion in the same period of 2021. The result surpassed the consensus of $1.68 per share for earnings and $14.2 billion for revenue.

Morgan Stanley (NYSE:MS) also released its segment-wise sales performance. Revenue from the Institutional Securities segment decreased to $7.7 billion, from $8.6 billion in the year-ago quarter. In comparison, Investment Management’s revenue of $1.3 billion and Wealth Management’s revenue of $5.9 billion remained nearly flat versus the comparable period of 2021.

Among other updates, Morgan Stanley (NYSE:MS) reported that it repurchased $2.9 billion worth of its common stock during the quarter.

Speaking on the results, CEO James Gorman said in a statement:

“The Firm delivered a strong ROTCE of 20% in the face of market volatility and economic uncertainty, demonstrating the resilience of our global diversified business. Institutional Securities navigated volatility on behalf of clients extraordinarily well, Wealth Management’s margin proved resilient and the business added $142 billion net new assets in the quarter, and Investment Management benefited from its diversification.”