Goldman Sachs and Morgan Stanley were the last of the big banks to report first-quarter earnings. Morgan Stanley was the sole big bank to record top-line growth as revenue climbed 3.8% to $8.8 billion, while Goldman Sachs saw revenue slip 8% to $9.3 billion. Morgan Stanley’s earnings of 68 cents a share came in 7 cents higher than a year earlier and beat estimates by 9 cents a share. Goldman Sachs generated earnings of $4.02 a share, 57 cents higher than analysts’ estimates.
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