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Morgan Stanley Stock Is Up Because Earnings, Revenue Beat Forecasts

Connor Smith

(MS) stock gained another nearly 2% in premarket trading after the bank’s first-quarter earnings beat Wall Street expectations. Through Tuesday’s close, Morgan Stanley stock (ticker: MS) was up 18.5% this year, compared with 16% for the broader S&P 500. Morgan Stanley reported earnings of $1.39 per share, which beat Wall Street consensus estimates of $1.17.