In this articleMSFollow your favorite stocksCREATE FREE ACCOUNTTed Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCMorgan Stanley on Wednesday posted results that topped analyst estimates as the firm’s trading operations generated about $1 billion more in revenue than expected.Here’s what the company reported:Earnings: $3.43 a share vs. $3 LSEG estimate Revenue: $20.58 billion vs. $19.72 billion estimate The bank said profit jumped 29% to $5.57 billion, or $3.43 a share. Revenue rose 16% to $20.58 billion, fueled by gains in the firm’s trading, investment banking and wealth management businesses.Equities trading revenue jumped 25% to a record $5.15 billion, or about $450 million above the StreetAccount estimate. The firm cited strong volumes across its global equities franchise, especially in its prime brokerage business catering to hedge funds and its derivatives business.Fixed income revenue rose 29% to $3.36 billion, or about $540 million more than expected, helped by commodities trading that benefited from volatility in energy markets in the period.Investment banking revenue rose 36% to $2.12 billion, essentially matching the StreetAccount estimate, on rising fees from completed mergers, as well as stock and bond underwriting. Analysts will want to know what CEO Ted Pick has to say on the business outlook for the rest of the year as geopolitical tensions remain high.This story is developing. Please check back for updates.Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. …
