Morgan Stanley Q1 beats estimates on trading business strength

April 20, 2015 12:31 PM

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Morgan Stanley (MS) said Monday its first quarter net income from continuing operations rose 59% to $2.4 billion largely due to gains in its trading business.

Earnings per diluted share, not including a one-time tax benefit, totaled $1.14, handily beating analysts’ consensus estimate of 79 cents.

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