Morgan Stanley (NYSE: 
MS) Beats Q1 estimates with record Equity Trading Revenue. The bank posted earnings per share (EPS) of $2.60, beating analyst expectations of $2.18. Revenue reached a record $17.74 billion, topping forecasts of $16.44 billion.
The bank's equity trading revenue soared 45% year-over-year. It reached a new high of $4.13 billion as growth came across business lines and regions. Asia showed particularly strong performance. Prime brokerage and derivatives led gains, fueled by high client activity in volatile markets.
Morgan Stanley shares dropped 1% after the earnings release. However, the stock remains up over 20% in the past year. Volatility in global markets helped trading desks outperform.
Technical Analysis
Morgan Stanley bounced sharply from the $95 support zone. Buyers stepped in near the previous breakout level. Volume increased and confirmed renewed interest. This was seen as Trump paused tariffs for the next 90 days as well. Current price action suggests a recovery trend. The RSI stands at 39, hinting at oversold conditions. A potential path points to $142.03, which acts as the immediate resistance level.
If the price breaks $113 cleanly, momentum could carry it to $130 and beyond. If it fails, it is most likely to retest $95 support level. A strong break above recent highs would confirm bullish continuation. For now, Watch out the $113 and $142 levels closely.
MS) Beats Q1 estimates with record Equity Trading Revenue. The bank posted earnings per share (EPS) of $2.60, beating analyst expectations of $2.18. Revenue reached a record $17.74 billion, topping forecasts of $16.44 billion.The bank's equity trading revenue soared 45% year-over-year. It reached a new high of $4.13 billion as growth came across business lines and regions. Asia showed particularly strong performance. Prime brokerage and derivatives led gains, fueled by high client activity in volatile markets.
Morgan Stanley shares dropped 1% after the earnings release. However, the stock remains up over 20% in the past year. Volatility in global markets helped trading desks outperform.
Technical Analysis
Morgan Stanley bounced sharply from the $95 support zone. Buyers stepped in near the previous breakout level. Volume increased and confirmed renewed interest. This was seen as Trump paused tariffs for the next 90 days as well. Current price action suggests a recovery trend. The RSI stands at 39, hinting at oversold conditions. A potential path points to $142.03, which acts as the immediate resistance level.
If the price breaks $113 cleanly, momentum could carry it to $130 and beyond. If it fails, it is most likely to retest $95 support level. A strong break above recent highs would confirm bullish continuation. For now, Watch out the $113 and $142 levels closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.