business / news / / New York Post
The New York banking giant reported net income of $5.57 billion, or $3.43 per share.
Morgan Stanley reported record first-quarter revenue of $20.58 billion, surpassing analyst forecasts.
KEY POINTS
- Equities trading revenue hit a record $5.15 billion, up 25% from a year ago.
- Wealth management also posted a record $8.52 billion in net revenue with $118.4 billion in new assets.
- Advisory fees for mergers and acquisitions helped investment banking revenue surge 36% to $2.12 billion.
- Morgan Stanley advised Unilever on its proposed $65 billion food business merger with McCormick.
COMPANIES
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