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Morgan Stanley shares climbed 5% on Wednesday after the bank delivered a standout first quarter performance.
Morgan Stanley's equities trading revenue hit a record $5.15 billion this quarter.
KEY POINTS
- A regulatory shift and energy market swings boosted fixed income revenue by 29% to $3.36 billion.
- Morgan Stanley played a key role in the $65 billion Unilever-McCormick merger.
- Exposure to private credit remains conservative, under 1% of assets or well under $20 billion.
- Quarterly earnings per share reached $3.43, far surpassing the Wall Street estimate of $3.
COMPANIES
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