The net profit of Morgan Stanley, a major US bank, reached $984 million in Q1 2013. This is equal to $0.94 per share. For comparison sake, the bank saw a loss $94 million or $0,06 per share in Q1 2012.
The banks’ proceeds reached $8,2bn during the reporting period against $6,9bn a year ago. The financial institution lost $317 million. The loss was caused by debt revaluation.
At the same time, Morgan Stanley reduced compensations to employees from $4.4bn down to $4.2bn. Morgan Stanley’s stock appreciated by 12% in January-March 2013.
The chart below, courtesy of , reflects the current state of affairs in the market of MS:
