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Morgan Stanley tops expectations on wealth management, trading and investment banking results

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How did Morgan Stanley CEO Ted Pick do in his first quarter leading the company?

on Tuesday posted results that topped analysts' estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations.Revenue: $15.14 billion, vs. expected $14.41 billion

Wealth management revenue rose 4.9% to $6.88 billion, topping the StreetAccount estimate by $230 million, as rising markets helped boost fee revenue and offset a decline in interest income.

 

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