Morgan Stanley stock soars after blowout first quarter earnings under new CEO Ted Pick
Morgan Stanley(US:MS) New York Post·2024-04-16 18:28Investors on Wall Street were bullish on Morgan Stanley after the investment banking giant reported first-quarter profits that blew away analyst forecasts on Tuesday — the first full quarter under newly installed CEO Ted Pick.Shares of Morgan Stanley gained more than 3% on the New York Stock Exchange after the bank reported a 16% jump in revenue compared to the first quarter of last year.Morgan Stanley’s fixed-income underwriting also performed well thanks to higher bond issuance — rising $556 million compa ...