Friday Was A Good Day
Alright people listen up! Looks like someone's been hitting the gym financially speaking. Morgan Stanley not exactly my usual hangout dropped their Q1 numbers and let's just say they're doing better than I am at staying out of trouble. Seems like even without a suit of armor they're racking up some serious points. I bet even Obadiah Stane is jealous. I am Iron Man!
Show Me The Money!
The deets you ask? Fine fine. Earnings shot up to $2.60 a share smashing the expected $2.20. Revenue? A whopping $17.74 billion trouncing the $16.58 billion forecast. Apparently chaos in the markets is good for someone. I should probably short sell my own company... Nah just kidding! Jarvis remind me to look into that later...Maybe not.
Trading Like Tony Stark
Equity trading was the real MVP this quarter soaring 45% to $4.13 billion! That's like Pepper Potts level efficiency right there. Seems Asia is also doing quite well. "Driven by strong client activity amid a more volatile trading environment," they said. Volatile? Tell me about it! I practically invented volatility! I should consult for them!
Not Bad Just Not Stark Level
Fixed income trading inched up 5% while investment banking rose 8%. Wealth management matched expectations with a 6% jump. Not bad but hardly groundbreaking. They are no Iron Man for sure. Someone get these guys some arc reactors and a Friday assistant stat!
Trump Trade Wars and Tight Underwear
Apparently everyone's blaming President Trump's trade policies for the market's recent mood swings. You know whipsawing like a Stark missile test gone wrong. Seriously what's with the "recession" panic? Relax people! We've faced worse. Remember the Chitauri invasion? Now that was a recession worthy event. I should have consulted with Pepper.
The Future is Uncertain But Stark is Forever
Analysts are buzzing about mergers and IPOs worried the market's jitters might put a damper on things. Look I'm no financial guru (that's Pepper's department) but I know a thing or two about innovation. If you're waiting for the perfect moment you'll be waiting forever. Now if you'll excuse me I have a date with a new prototype. Jarvis set a course for the workshop! And maybe buy some stock in Morgan Stanley... just in case.
Morgan Stanley earnings stock trading revenue volatility investment banking wealth management finance Wall Street market
Comments
From Iron Man
Breaking News
All Rights Reserved © 2023
realisgood10
Who even reads this?
jamesyll
Pepper, thoughts on this?
hellome
I love this article!
KursaalFlyer
Someone get me an Arc Reactor!
Rhythmatik
Morgan Stanley should hire Tony!
Colincancer
Volatile markets are opportunities for innovation, baby!
akdelisle
Stark Industries is still better!
orcacry
Are they as smart as Stark?