Morgan Stanley's income jumps 60 percent on trading boost

April 20, 2015 3:33 PM

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Morgan Stanley's income jumps 60 percent on trading boost

Morgan Stanley reported a 60 percent jump in quarterly profit Monday, as revenue from trading stocks and bonds lifted the investment bank's results.

BOTTOM LINE: First-quarter net income rose to $2.31 billion from $1.45 billion a year earlier, the New York bank said. On a per-share basis, Morgan Stanley's earnings worked out to $1.18. Excluding a one-time tax benefit, the bank earned 89 cents per share, easily beating analysts' average forecast ...

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