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Morgan Stanley Group Inc., which reported quarterly...

Morgan Stanley Group Inc., which reported quarterly financial results publicly for the first time, said the strong stock and bond markets helped its first-quarter profits more than triple from a year earlier. The earnings report was required after Morgan Stanley, the parent of Morgan Stanley & Co., one of Wall Street’s leading investment banking firms, sold its first stock to the public March 31. The holding company said its net income soared to $58 million from $17.8 million a year earlier. First-quarter revenue climbed 51% while expenses rose 35%.


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