Morgan Stanley (MS) reported first-quarter earnings that surpassed the analysts' estimates. Shares of the company were up more than 2 percent in premarket trade. The bank reported earnings of $1.39 per share compared with $1.45 per share a year ago. Total earnings declined 9 percent year-over-year to $2.34 billion. During the quarter, it recorded certain tax benefits of $101 million, or $0.06 per share. Excluding this, earnings were $1.33 per share. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.16 for the quarter. Analysts' estimates typically exclude special items. Wealth Management delivered pre-tax income of $1.2 billion reflecting strong expense management.
from RTT - Earnings http://bit.ly/2VOxXFD
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