Morgan Stanley beat Wall Street expectations for first-quarter profit on Wednesday, as the investment bank benefited from a surge in dealmaking and raked in record revenue from its equities trading business.
Heightened M&A activity in a friendlier regulatory environment and extreme volatility in stock markets triggered by the recent software selloff and the Iran war have bolstered investment banking and trading businesses at big Wall Street banks.
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Source: Reuters | Published: 2026-04-15T11:36:20Z
Credit: Reuters
