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Morgan Stanley's Q1 profit jumps 59% to US$2.39b

New York-based Morgan Stanley says Q1 2015 is its strongest quarter in many years with improved performance across most areas.

New York

MORGAN Stanley reported profit that beat analysts' estimates and the highest adjusted revenue in more than five years as equity trading and brokerage revenue jumped. First-quarter net income rose 59 per cent to US$2.39 billion, or US$1.18 a share, from US$1.51 billion, or 74...

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