Morgan Stanley announced on Friday that its net revenue in the first quarter of the fiscal year 2025 saw an annual rise of 17.2% to hit $ 17.7 billion. The bank's net income increased by 26.5% compared to the same period the year before to reach $4.3 billion. Its diluted earnings per share (EPS) grew by 28.7% year-on-year to $2.60. Meanwhile, its return on tangible common equity (ROTCE) went from 19.7% to 23%.
"Total client assets of $7.7 trillion across Wealth and Investment Management were supported by $94 billion in net new assets. These results demonstrate the consistent execution of our clear strategy to drive durable growth across our global footprint," Chairman and Chief Executive Officer (CEO) Ted Pick commented.
Morgan Stanley's shares went up by 1.36% during the futures session after the results were released.
