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MORGAN STANLEY’S PROFIT FALLS 11% AS DEALS SLOW
FEES FROM MERGERS AND FUNDRAISINGS DROVE DECLINE AS CORPORATE CEOS HUNG BACK
MORGAN STANLEY IS A BIG PLAYER IN THE WALL STREET BUSINESSES OF TRADING AND DEAL
MAKING.
Photo: GABBY JONES for The Wall Street Journal
By
Charley Grant
Updated April 14, 2022 8:05 am ET
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Morgan Stanley ’s profit fell 11% from a year ago, reflecting a decline in
corporate deal making and a treacherous stretch for markets.
The bank posted a profit of $3.7 billion, or $2.04 a share. Analysts polled by
FactSet expected $1.71 a share. Revenue fell 6% to $14.8 billion in the quarter,
surpassing expectations of $14.25 billion.
To Read the Full Story
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