The profits of Morgan Stanley fell by 32%, as the economic downturn caused by the Corona epidemic damaged the bank's consulting and wealth management activities.
According to Reuters, the bank said that profits for ordinary shareholders fell to $ 1.59 billion, or $ 1.01 a share, in the first quarter ended March 31, from $ 2.34 billion, or $ 1.39 a share, in the same period last year, which exceeds Level of some expectations.
Analysts had expected a profit of $ 1.14 a share, according to I / B / E / S data from Refinitiv.
