NYSE$MS
Morgan Stanley · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported net revenues of $15.1 billion and EPS of $2.02, demonstrating a strong ROTCE of 19.7%.
Morgan Stanley reported strong first quarter 2024 results, with net revenues of $15.1 billion and earnings per share of $2.02. The firm's ROTCE reached 19.7%, and it saw substantial net new asset growth, reaching $7 trillion in client assets across Wealth and Investment Management. Institutional Securities also performed well, with strength in markets and underwriting businesses.
- Net revenues reached $15.1 billion, with net income of $3.4 billion.
- Return on tangible common equity (ROTCE) was a strong 19.7%.
- Expense efficiency ratio improved to 71%, showing operating leverage.
- Wealth Management pre-tax margin was 26.3%, with $95 billion in net new assets.
Headline financials
Revenue & EPS history
Morgan Stanley · Revenue · Quarterly
$15.1B
Revenue by segment
Morgan Stanley · $13.4B total across 3 segments · Q3 2023
- Wealth Management$6.4B+4.6%47.8%
- Institutional Securities$5.67B-2.5%42.3%
- Investment Management$1.34B+14.4%10.0%
Forward guidance
The earnings release does not contain specific forward guidance. Therefore, no forward guidance is provided.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.2%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+4.4%
Avg return
30 days after
71%
52 / 73 earnings
Positive
+10.7%
Q4 2012
Best reaction
-9.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +6.7% | +4.0% | +5.0% | |
| Q1 2026 | +0.0% | +4.0% | +5.0% | |
| Q3 2025 | +4.6% | +4.3% | +5.5% | |
| Q2 2025 | +0.5% | -2.5% | +5.8% | |
| Q1 2025 | +1.4% | +1.2% | +14.2% | |
| Q4 2024 | +5.6% | +5.2% | +6.4% | |
| Q3 2024 | +6.4% | +5.4% | +19.5% | |
| Q2 2024 | +1.6% | -3.0% | -4.4% | |
| Q1 2024 | +3.6% | +4.2% | +14.5% | |
| Q4 2023 | -5.9% | -4.9% | -4.5% | |
| Q3 2023 | -9.2% | -10.7% | -0.1% | |
| Q2 2023 | +7.9% | +8.8% | -0.7% | |
| Q1 2023 | +0.6% | +0.4% | -8.5% | |
| Q4 2022 | +5.4% | +5.0% | +8.6% | |
| Q3 2022 | -2.7% | -2.1% | +14.4% | |
| Q2 2022 | +4.1% | +8.9% | +22.2% | |
| Q1 2022 | +2.8% | +5.7% | -4.3% | |
| Q4 2021 | +6.2% | +4.3% | +1.5% | |
| Q3 2021 | +3.6% | +3.2% | +1.3% | |
| Q2 2021 | -1.3% | -0.2% | +12.4% | |
| Q1 2021 | -1.0% | -1.9% | +8.1% | |
| Q4 2020 | -0.4% | -3.5% | +1.3% | |
| Q3 2020 | +2.4% | +1.6% | +11.8% | |
| Q2 2020 | +2.1% | +2.0% | +1.9% | |
| Q1 2020 | +1.8% | -3.8% | -2.9% | |
| Q4 2019 | +8.6% | +5.6% | +5.5% | |
| Q3 2019 | +2.0% | +6.1% | +14.5% | |
| Q2 2019 | +1.4% | +3.0% | -8.8% | |
| Q1 2019 | +1.1% | +0.6% | -6.7% | |
| Q4 2018 | -1.8% | -4.7% | -5.6% | |
| Q3 2018 | +8.6% | +6.8% | +1.9% | |
| Q2 2018 | +1.4% | +3.2% | -1.6% | |
| Q1 2018 | +2.7% | +0.8% | +1.3% | |
| Q4 2017 | +3.8% | +2.8% | -0.4% | |
| Q3 2017 | +2.5% | +3.6% | -0.7% | |
| Q2 2017 | +3.0% | +3.5% | +0.6% | |
| Q1 2017 | +3.1% | +5.7% | +1.4% | |
| Q4 2016 | -2.2% | -2.8% | +5.2% | |
| Q3 2016 | +1.8% | +3.3% | +25.1% | |
| Q2 2016 | +2.4% | +3.3% | +8.4% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | -5.0% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | +3.6% | — | — | |
| Q4 2013 | +2.0% | — | — | |
| Q3 2013 | +1.7% | — | — | |
| Q2 2013 | +4.0% | — | — | |
| Q1 2013 | -4.1% | — | — | |
| Q4 2012 | +10.7% | — | — | |
| Q3 2012 | -5.2% | — | — | |
| Q2 2012 | -8.6% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q2 2011 | -9.0% | — | — | |
| Q1 2011 | +0.1% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | -1.2% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q4 2007 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q3 2009 | +3.4% | — | — | |
| Q3 2008 | +3.4% | — | — | |
| Q2 2009 | +0.9% | — | — | |
| Q1 2009 | +0.9% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q2 2008 | +0.9% | — | — |
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