Reported 2 days ago
Morgan Stanley reported a record profit of $4.3 billion in the first quarter, exceeding expectations, driven by strong equity trading and wealth management performance. Despite some deal delays due to market uncertainties, CEO Ted Pick remains cautiously optimistic about future transactions, while the bank's investment banking revenue also showed an increase. The firm continues to navigate a challenging dealmaking environment, marked by fluctuating market conditions and geopolitical tensions.
Source: YAHOO