(CNBC) The bank said profit surged 41% from the year-earlier period to $3.08 billion, or $1.82 per share, helped by a rebound in Wall Street activity. Revenue rose 12% to $15.02 billion. Shares of the bank had declined earlier in the session after the bank’s wealth management division missed estimates on a decline in interest income.
Morgan Stanley tops estimates on stronger-than-expected trading and investment banking
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