Morgan Stanley (NYSE: MS) reported first-quarter 2021 financial results before the markets open on Friday.
The banking titan reported a 61% rise in Q1 revenues to $15.7 billion, beating the Wall Street consensus. Earnings of $2.19 per share were also stronger than what analysts had anticipated.
The net income increased to $4.1 million from $1.7 billion, showing a growth of more than 100%.
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
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