Morgan Stanley (MS) reported that its first-quarter net earnings applicable to common shareholders was $958 million, compared to a loss of $119 million in the prior year quarter. Net earnings were $0.49 per share, compared to a net loss of $0.06 per share in the first quarter of 2012.
Income from continuing operations applicable to Morgan Stanley was $1.0 billion, compared with a loss of $79 million last year. Income from continuing was $0.50 per share, compared to loss of $0.05 per share for the same period a year ago.
Results for the latest-quarter included negative revenue related to changes in Morgan Stanley's debt-related credit spreads and other credit factors or Debt Valuation Adjustment, DVA of $317 million, compared with negative revenue of $2.0 billion a year ago.
Excluding DVA, income from continuing operations applicable to the company was $0.61 per share, compared to $0.71 per share a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.
Excluding DVA, net revenues for the current quarter were $8.5 billion compared with $8.9 billion a year ago. Net revenues for the quarter rose to $8.2 billion compared with $6.9 billion a year ago. Seventeen analysts had consensus revenue estimate of $8.35 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.