Morgan Stanley profits soared by 14% this quarter, buoyed by a rebound in investment banking, as the firm capitalizes on a surge in deal-making and capital markets activity.
![PHOTO: Morgan Stanley](https://krugmaninsights.com/wp-content/uploads/2024/04/Screenshot-2024-04-03-153412-1024x640.webp)
This announcement came on Tuesday, placing the company alongside other Wall Street titans experiencing a boost from heightened transactional activities. For the first three months of 2024, the financial giant reported a net income of