Morgan Stanley Says Income Jumps 60 Percent in 1Q

April 20, 2015 11:32 AM

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Morgan Stanley says its quarterly profit surged 60 percent as revenue from trading stocks and bonds lifted the investment bank's results.

First-quarter net income rose to $2.3 billion from $1.4 billion a year earlier, the New York bank said early Monday. The news sent Morgan Stanley's stock up 79 cents, or 1.2 percent, to $37.61 in off-hours trading.

Also read: China's AgBank posts flat Q3 net profit growth

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