Morgan Stanley reports Q1 EPS $3.43, consensus $3.02

Reports Q1 revenue $20.6B, consensus $19.76B. Reports Q1 tangible book value per share $51.58. Reports Q1 CET1 capital ratio 15.1%. Reports Q1 RoTCE 27.1% Ted Pick, Chairman and Chief Executive Officer, said, “Morgan Stanley (MS) reported a record quarter. Strong execution resulted in net revenues of $20.6 billion, EPS of $3.43 and a ROTCE of 27.1%. Institutional Securities benefited from robust client engagement and strength globally. Wealth Management demonstrated continued momentum, with net new assets of $118 billion and fee-based asset flows of $54 billion. These results affirm the capabilities of our Integrated Firm as we deliver a higher plane of operating performance.”