Morgan Stanley’s profits jump with shares trading fluctuations

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Morgan Stanley increased 26 percent in profits in the first quarter, supported by her commercial business, which benefited from flying financial markets during the first months of the Trump administration.

The American Bank said on Friday that it had achieved a net income of $ 4.3 billion in the three months until the end of March, or more than a quarter of the same period last year and overcame the estimates of analysts of $ 3.7 billion.

“These results explain the continuous implementation of our clear strategy to push solid growth through our global silence,” said CEO Ted Beck.

The strong performance was driven by the bank’s stock business, which recorded an increase in revenue by 45 percent to $ 4.1 billion during this period. The fixed income trading arm had a 5 percent increase in revenue to $ 2.6 billion.

The net new assets in wealth management business amounted to 94 billion dollars per quarter, slightly lower than the same period last year, but comfortably overcome analysts’ expectations.

Although the volatile financial markets were a blessing of trading activity, they have achieved expectations for investment banking consulting with customer reassessment. This concern over the past ten days with US plans to embody global definitions.

Morgan StanleyInvestment bank revenues increased by 8 percent in the first quarter to 9 billion dollars, although many of this was one of the fees that were paid for the already announced deals.

The stocks in Morgan Stanley rose by about 1 percent in the pre -market trade in New York.