Revenue 15.136 bln usd vs 14.517 bln (Il Sole 24 Ore Radiocor) - New York , 16 Apr - The US bank Morgan Stanley said it generated a net profit of 3.412 billion dollars in the first quarter ended March 31, up 3.4% compared to the year earlier. Diluted earnings per share rose to 2.02 dollars from 1.70 dollars, topping an analyst consensus of 1.66 dollars.

Revenue grew to 15.136 billion dollars from 14.517 billion, also beating a consensus for a top line of 14.41 billion.

"As a result of strong net new asset growth, the Firm has reached 7 trillion dollars of client assets across Wealth and Investment Management," said Ted Pick, CEO. "Institutional Securities also saw strength across the markets and underwriting businesses. The Morgan Stanley Integrated Firm model is delivering durable results.'.

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(RADIOCOR) 16-04-24 14:03:02 (0456) 5 NNNN