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StockNews.com
StockNews.com
Business
Anushka Mukherjee

Morgan Stanley (MS) Prepares for Earnings Report - Is Now the Time to Buy, Hold, or Sell?

Commanding a huge market cap of roughly $140.20 billion, leading investment bank Morgan Stanley (MS) is slated to disclose its fiscal 2024 first quarter results on April 16, 2024.

Wall Street forecast for the first quarter appears less-than-stellar, with a projected 5.3% year-over-year drop in earnings per share, reaching $1.65, and a slight drop in its revenue amounting to $14.39 billion.  While the company’s fourth-quarter results topped analyst estimates, its results were impacted by two one-time regulatory charges.

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