Morgan Stanley First Quarter Earnings Fall While Trading Beats Estimates

The transcript discusses Morgan Stanley's financial performance, highlighting a decline in wealth management revenue and a strong performance in equity sales and trading. Despite these results, the stock is down. Analysts are concerned about the wealth management figures and the impact of the E-Trade acquisition. The transcript also touches on competition with JP Morgan and Goldman Sachs in market share.

What was the wealth management revenue for Morgan Stanley in the previous quarter?

• $4.8 billion

• $4 billion

• $5 billion

• $3.5 billion

Which area of Morgan Stanley's business showed a stronger than estimated performance?

• Investment Banking

• Wealth Management

• Net Interest Income

• Equity Sales and Trading

Despite strong performance in some areas, what happened to Morgan Stanley's stock in premarket trading?

• It remained stable

• It increased by 5%

• It decreased by almost 2%

• It increased by 2%

What major acquisition did Morgan Stanley announce during the quarter?

• JP Morgan

• Bank of America

• E-Trade

• Goldman Sachs

Which company is noted as the biggest 'fix' shop on Wall Street?

• Goldman Sachs

• Bank of America

• JP Morgan

• Morgan Stanley