Morgan Stanley Jumps After Beating Estimates On 96% Surge In Fixed Income Revenue
April 19, 2017 at 08:42 AM EDT
Profit jumped 70% to $1.93 billion in Q1 2017, from $1.13 billion last year's dismal first quarter. Revenue grew to $9.75 billion from $7.79 billion a year ago, driven mostly by a 96% surge in fixed income sales and trading revenue.
