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Morgan Stanley shares moved higher after the bank reported stronger-than-expected first-quarter results.
Morgan Stanley avoided the FICC trading softness that impacted some peers like Goldman Sachs.
KEY POINTS
- Wealth management saw 6.4% annualized net new asset growth in Q1, signaling strong organic momentum.
- Private credit exposure remains minimal for Morgan Stanley, limiting risk from current industry headwinds.
- Morgan Stanley acquired EquityZen to expand private market trading capabilities within its wealth ecosystem.
COMPANIES
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