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-0.0012289129706178 -0.000111719360965312 -0.00178750977544405 0.000782035526756711 0.00547424868729745 0.00827840464752541 0.00994302312590773 -0.00670316165791525
Stock impact report

Morgan Stanley's profit rises as investment banking recovers [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
April 16 (Reuters) - Morgan Stanley's (MS.N) New Tab , opens new tab profit rose in the first quarter, lifted by a resurgence in investment banking. The Wall Street bank on Tuesday reported net income of $3.4 billion, or $2.02 per diluted share, in the three months ended March 31. That compares with $3 billion, or $1.70 per share, a year earlier. Investment banking activity has rebounded from a two-year dealmaking drought as large corporates issued near-record levels of debt and equity capital markets became more active. At rival Goldman Sachs (GS.N) New Tab , opens new tab , profit jumped 28% as investment banking bounced back and trading revenue surged, it reported on Monday. Investment banking results also improved at JPMorgan Chase (JPM.N) New Tab , opens new tab and Citigroup (C.N) New Tab , opens new tab , fueled by debt and equity capital markets. The quarter was Morgan Stanley's first with Ted Pick at the helm. Morgan Stanley's total revenue increased Show less Read more
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