Morgan Stanley Earnings $0.71 Per Share

Amid a fairly bleak atmosphere after Wall Street closed down on Wednesday Morgan Stanley (NYSE:MS) announced its earnings this morning for the first quarter of 2012. The company announced earnings per share of $0.71 on revenue of $6.94 billion. Analysts were wondering about downside risks surrounding the company after Goldman Sachs reported in its earnings that client activity had been low in some areas. That company announced a lower revenue for the quarter as well. Today's announcement took that worry away an blew analysts out of the water.

Analysts expected earnings of $0.45 per share. The same had expected revenue...