The following is a summary of the Morgan Stanley (MS) Q1 2024 Earnings Call Transcript:

Financial Performance:

In Q1 2024, Morgan Stanley reported revenue of $15 billion, yielding earnings per share of $2.02 with an efficiency ratio of 71%.
Wealth Management and Institutional Securities revenues stood at $6.9 billion and $7 billion respectively.
Investment banking revenues rose 16% from last year, reaching $1.4 billion for the quarter.
Net new asset growth rose by $95 billion.
The CET1 ratio decreased by 0.14% from the previous quarter to 15.1%.
The company repurchased $1 billion of common stock during Q1.

Business Progress:

Growth in client assets, totaling $7 trillion, indicates strong momentum across Wealth and Investment Management.
The company is increasing its investment in cloud infrastructure to support growth and the development of its AI platform.
Strategic hires are being made in M&A and technology is being upgraded to improve client services.
A stated focus on the income statement aims to deliver earnings growth and generate returns on capital.
Morgan Stanley has reiterated an efficiency ratio goal of 70% for 2024 and reported 71% for Q1.
The firm reported progress towards strategic goals and is investing particularly in human capital.
Growth is seen in their family office offering and the firm plans for future expansion in equity markets, capital markets, and structured products.