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Morgan Stanley first-quarter earnings up 49 percent

    (Reuters) - Morgan Stanley reported a 49 percent rise in first-quarter earnings on Thursday, helped by higher income from wealth management and institutional securities.

    The sixth-largest U.S. bank by assets reported net income from continuing operations applicable to the company of $1.47 billion, or 72 cents per share, compared with $981 million, or 49 cents per share, in the same quarter a year earlier.

    (Reporting by Anil D'Silva in Bangalore; Editing by Robin Paxton)

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