Morgan Stanley boosts wealth management revenue in first quarter
But the wealth management unit was clearly a bright spot for the firm in the first quarter, with Morgan Stanley's overall earnings falling 19% from the year-earlier period.
Morgan Stanley's giant wealth management franchise reported an 11.9% increase in net revenue for the first quarter, to $6.6 billion, compared to $5.9 billion for the same period a year earlier.
The past 3½ months have been the most chaotic for Wall Street since the 2008 credit crisis, with reg
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