Hope rises for Morgan Stanley's earnings

Morgan Stanley is scheduled to report results on April 22. It's fair to say that the string of surprisingly good results from some of its banking peers in specific areas has lifted expectations a bit. In particular, investment banking activity was strong at several banks, including Goldman Sachs and Citigroup.

At least one analyst has decided to raise his estimates in part because there could be better than previously expected results in this area. Fox-Pitt Kelton's David Trone lifted his estimate for Morgan Stanley to 5 cents per share, from a loss of 12 cents, reports the AP. Last month, he pared his loss estimate of 12 cents from a profit of 22 cents. He expects stronger debt underwriting.

For more:
- here's the AP article

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