Morgan Stanley (NYSE:MSpK.PFD)
$ 24.93 -0.06 (-0.24%) Market Cap: - Enterprise Value: - PE Ratio: 20.03 PB Ratio: 2.26 GF Score: 80/100

Q1 2019 Morgan Stanley Earnings Call Transcript

Apr 17, 2019 / 12:30PM GMT
Release Date Price: $26.35 (+0.04%)
Sharon Yeshaya
Morgan Stanley - MD & Head of IR

Good morning. This is Sharon Yeshaya, Head of Investor Relations.

During today's presentation, we will refer to our earnings release and financial supplements, copies of which are available at morganstanley.com.

Today's presentation may include forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our notices regarding forward-looking statements and non-GAAP measures that appear in the earnings release.

This presentation may not be duplicated or reproduced without our consent.

I will now turn the call over to Chairman and Chief Executive Officer, James Gorman.

James Patrick Gorman
Morgan Stanley - Chairman & CEO

Good morning, everyone. Thank you for joining us. 2019 has started well. In the first quarter, our businesses produced solid results and rebounded from the fourth quarter's market dislocation and idiosyncratic events. In our Institutional businesses, client participation

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