NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Friday reported first-quarter profit of $4.32 billion.
The New York-based company said it had earnings of $2.60 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The investment bank posted revenue of $29.13 billion in the period. Its revenue net of interest expense was $17.74 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $16.64 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS
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