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  HOME PAGE 25/04/2017 13:32 
19.04.2017 19:28 News >> Morgan Stanley Net İncome, Revenue Rise İn Q1

Morgan Stanley Net İncome, Revenue Rise İn Q1

Morgan Stanley saw its net income and revenue increase in the first quarter of the year, according to a financial statement released by the global investment bank Wednesday.

The bank's net income increased 71 percent to $1.93 billion in the first three months of the year, from $1.13 billion during the same period last year.

Morgan Stanley's revenue rose nearly 25 percent to $9.74 billion in the January-March period.

The investment bank boasted revenue of $7.79 billion during that period last year.

After positive financial results, Morgan Stanley's stock price has begun increasing on Wall Street.

After closing Tuesday at $41.21 a share, the bank's stock value climbed to as high as $42.94 per share on Wednesday -- a 4.2 percent gain. -



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