• EPS (cont ops ex DVA) $0.40 vs $0.50 exp
  • Revenue $7.76bn vs $8.15bn exp
  • Fixed income and commod net revs $599m vs $694m a year ago
  • Equity sales and trading net rev $1.6bn vs $1.5bn y/y
  • Wealth management net rev $3.8bn vs $3.72bn y/y
  • Assets under management $403bn vs $377bn y/y
  • Charge for legal costs $284m

Morgan’s are still trying to sell off assets involved in commodities. Shares are down around 2.8% in pre market