Investing.com - Morgan Stanley (NYSE:MS) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Morgan Stanley announced earnings per share of $0.99 on revenue of $9.49B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $9.93B. That with comparison to EPS of $1.33 on revenue of $10.29B in the same period a year before. Morgan Stanley had reported EPS of $1.2 on revenue of $10.86B in the previous quarter. Analysts are expecting EPS of $0.99 and revenue of $9.42B in the upcoming quarter.
Morgan Stanley shares are down 24% from the beginning of the year , still down 33.30% from its 52 week high of $57.57 set on January 17. They are under-performing the S&P Global (NYSE:SPGI) 100 which is down 12.04% year to date.
Morgan Stanley follows other major Financial sector earnings this month
Morgan Stanley's report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
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