Market Updates
Morgan Stanley Net Falls 11%, Trading and Advisory Fees Ahead of Expectations
Scott Peters
14 Apr, 2022
New York City
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Morgan Stanley said March quarter revenues declined 6% to $14.8 billion and net income fell 11% to $3.5 billion from a year ago. Earnings per share fell 8% to $2.02 on 6% decline in outstanding shares. Wealth management revenues were flat at $5.9 billion and institutional Securities unit revenues fell 10% to $7.7 billion but were supported by higher trading revenues and advisory fees.
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