Morgan Stanley ( MS ) stock gained 2.6% in Wednesday premarket trading after it posted stronger-than-expected Q1 earnings, driven by surging trading activity and solid growth in its wealth management business. Q1 GAAP EPS of $3.43 , topping the average analyst estimate of $3.02, jumped from $2.68 in Q4 2025 and $2.60 in Q1 2025. Net revenue of $20.6B, exceeding the consensus estimate of $19.8B, cl...
Morgan Stanley ( MS ) stock gained 2.6% in Wednesday premarket trading after it posted stronger-than-expected Q1 earnings, driven by surging trading activity and solid growth in its wealth management business. Q1 GAAP EPS of $3.43 , topping the average analyst estimate of $3.02, jumped from $2.68 in Q4 2025 and $2.60 in Q1 2025. Net revenue of $20.6B, exceeding the consensus estimate of $19.8B, climbed from $17.9B in the prior quarter and $17.7B a year ago. Morgan Stanley’s ( MS ) net interest income of $2.70B, missing the Visible Alpha consensus of $2.77B, decreased from $2.86B in Q4 and increased from $2.35B in last year’s Q1. Pretax profit margin of 34% vs. 32% in the previous quarter and 31% a year ago. Compensation and benefits, as a percentage of net revenue, were 42%, compared with 39% in Q4 and 42% in last year’s Q4. Total non-compensation expenses of $4.93B declined from $5.05B in the prior quarter and increased from $4.54B a year ago. Provision for credit losses of $98M, higher than the $80M Visible Alpha consensus, rose from $18M in the previous quarter and declined from $135M a year ago. Return on average tangible common equity of 27.1% vs. 21.8% in Q4 and 23.0% in Q1 2025. "Institutional Securities benefited from robust client engagement and strength globally," said Chairman and CEO Ted Pick. "Wealth Management demonstrated continued momentum, with net new assets of $118B and fee-based asset flows of $54B. Revenue by segment: Institutional Securities: $10.7B, soared 35% Q/Q and increased 19% Y/Y; investment banking revenue of $2.12B dropped 12% and rose 36% Y/Y. Equity net revenue of $5.15B surged 40% Q/Q and 25% Y/Y. Fixed income net revenue of $3.36B surged 90% Q/Q and 29% Y/Y. Wealth Management: $8.52B, grew 1% Q/Q and 16% Y/Y. Asset management revenue of $5.08B increased 1% Q/Q and 16% Y/Y. Investment Management: $1.54B, fell 11% Q/Q and 4% Y/Y. Asset management and related fees of $1.50B dipped 9% Q/Q and increased 3% Y/Y. Conference call at 8:30 A...
Viant Technology ( DSP ) announced on Wednesday it has entered into a definitive agreement to acquire TVision Insight for $40M. The company said that the consideration consists of $22.5M in cash and $17.5M of shares of Viant's class A common stock. The transaction is expected to close in Q2 2026. Rockefeller Capital Management served as exclusive investment banking advisor to TVision in connection...
Viant Technology ( DSP ) announced on Wednesday it has entered into a definitive agreement to acquire TVision Insight for $40M. The company said that the consideration consists of $22.5M in cash and $17.5M of shares of Viant's class A common stock. The transaction is expected to close in Q2 2026. Rockefeller Capital Management served as exclusive investment banking advisor to TVision in connection with the transaction. With this acquisition, Viant strengthens its AI-powered programmatic platform by integrating TVision's proprietary attention signals directly into its buying platform. Source: Press Release More on Viant Technology Viant Technology Inc: Will This Beaten-Down Ad-Tech Stock Bounce Back? 3 Things To Know Viant projects accelerating 2026 growth with new AI product and major client ramp-up Viant Technology Non-GAAP EPS of $0.22 misses by $0.01, revenue of $110.12M beats by $6.75M
The Cass Trucking and Freight Report is a monthly market update from Cass that tracks North American shipment volumes, freight spending, and truckload linehaul rates to gauge freight demand and pricing trends. The March report showed freight volume still weak year over year but improving sequentially. The shipments index fell 4.5% from a year earlier but was up 3.0% month over month, extending Feb...
The Cass Trucking and Freight Report is a monthly market update from Cass that tracks North American shipment volumes, freight spending, and truckload linehaul rates to gauge freight demand and pricing trends. The March report showed freight volume still weak year over year but improving sequentially. The shipments index fell 4.5% from a year earlier but was up 3.0% month over month, extending February’s rebound and lifting the seasonally adjusted measure 1.0% month over month. Cass noted that the pace keeps alive the chance of a second-half recovery, even though the normal seasonal pattern would point to a roughly 5% year-over-year decline in April. Freight spending also firmed up as the expenditures index increased 1.2% year over year in March, up from 2.1% in February, and rose 2.4% month over month on a seasonally adjusted basis. Cass attributed the gain mainly to the better shipment trend, not a sharp jump in pricing. In terms of rates, the Truckload Linehaul Index slipped 0.5% month over month in March after a small February gain but still rose 1.8% year over year and 3.4% versus two years earlier. Cass pointed to some downward pressure on linehaul rates as capacity recovered from winter weather, offset by tighter capacity tied to higher diesel prices. The Iran-Israel-U.S. conflict began on February 28, while the biggest spike in diesel prices occurred later in March. The Cass report is significant for many transportation stocks, including Knight-Swift ( KNX ), Werner Enterprises ( WERN ), J.B. Hunt Transport Services ( JBHT ), Schneider National ( SNDR ), Old Dominion Freight Line ( ODFL ), Saia ( SAIA ), XPO ( XPO ), C.H. Robinson ( CHRW ), RXO ( RXO ), ArcBest ( ARCB ), Marten Transport ( MRTN ), Heartland Express ( HTLD ), Universal Logistics Holdings ( ULH ), TFI International ( TFII ), Hub Group ( HUBG ), Landstar ( LSTR ), and even large parcel carriers UPS ( UPS ) and FedEx ( FDX ). More on the transportation sector Freight Logistics Selloff Looks Misp...
First Horizon (FHN) delivered earnings and revenue surprises of +8.54% and -0.49%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
First Horizon (FHN) delivered earnings and revenue surprises of +8.54% and -0.49%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
One of Europe’s stock market pillars is crumbling as a selloff in its world-leading luxury sector deepens on signs that the Middle East war will delay a recovery in high-end spending. Europe’s 10 publicly-traded luxury firms have shed $176 billion in market capitalization since the start of the year, according to data compiled by Bloomberg. LVMH — the industry’s bellwether — alone accounts for alm...
One of Europe’s stock market pillars is crumbling as a selloff in its world-leading luxury sector deepens on signs that the Middle East war will delay a recovery in high-end spending. Europe’s 10 publicly-traded luxury firms have shed $176 billion in market capitalization since the start of the year, according to data compiled by Bloomberg. LVMH — the industry’s bellwether — alone accounts for almost $100 billion of the wipeout. By comparison, the wider Stoxx 600 index is up 4.6% over the period. The rout accelerated this week as earnings from LVMH and other leading names reinforced market fears that the downturn is here to stay, at least while the war continues. Hardest hit Wednesday was Hermès International SCA , once seen as much more resilient because of its focus on the richest consumers. Following disappointing first-quarter earnings, shares of the Birkin bag maker recorded their biggest drop on record, wiping out around $20 billion in market capitalization, before recovering some of their losses. The plunge reflects doubt about whether the French firm, which is known to limit the availability of products to maintain their exclusivity, can continue to ride out the industry’s woes. “Market confidence has clearly been shaken,” Berenberg analyst Nick Anderson wrote in a note. “It will likely take a few cleaner prints, Middle East permitting, for confidence to rebuild.” Read More: Luxury Giants Slump as Gulf Demand Seizes Up Due to War LVMH earnings earlier this week set the gloomy mood. Its shares had already suffered their worst start to a year ever, and they slid again after the company reported its weakest first-quarter performance on record as the Iran war curbed sales in the Middle East. The reaction to disappointing first-quarter earnings from Hermès was even more extreme, reflecting the fact that it had a much richer valuation. Even after Wednesday’s drop, which took its valuation back to levels last seen in the early days of the Covid pandemic, Hermes sti...