NEW YORK (AP) 鈥� NEW YORK (AP) 鈥� 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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