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Morgan Stanley Q1 Beat
Description
Morgan Stanley beat Q1 estimates with EPS of $3.43 and revenue of $20.58B, up 16% year over year. Profit rose 29% to $5.57B. Equities trading hit a record $5.15B, up 25%, while fixed income surged 29% to $3.36B driven by energy market volatility. Morgan Stanley outperformed Goldman Sachs in fixed income, where Goldman missed estimates by $910M.
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