NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Wednesday reported first-quarter profit of $5.57 billion.
The company, based in New York, said it had earnings of $3.43 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.06 per share.
The investment bank posted revenue of $33.15 billion in the period. Its revenue net of interest expense was $20.58 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $19.85 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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