Morgan Stanley Q1 Credit Loss Provision Jumps To $135 Million On 'Weakening Macroeconomic Forecast,' Equity Revenue Jumps 45%

On Friday, Morgan Stanley (NYSE:MS) reported a first-quarter 2025 EPS of $2.60, up from $2.02 a year ago and beating the consensus of $2.21. Net earnings increased to $4.16 billion from $3.14 billion.

The U.S. bank reported first-quarter revenue of $17.74 billion, up 17% year over year, beating the consensus of $16.57 billion.

Morgan Stanley’s provision for credit losses jumped to $135 million, primarily driven by growth in secured lending facilities and in the corporate loan portfolio and the impact of a weakening macroeconomic forecast.

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The firm’s expense efficiency ratio was 68% in Q1 of 2025 compared to 71% a year ago. ...

https://www.benzinga.com/25/04/44762037/morgan-stanleys-q1-equity-revenue-jumps-45-buoyed-by-asian-clients-amid-volatile-trading-environment