This morning, Morgan Stanley (NYSE:MS) reported first quarter earnings of $1.2 billion, or 61 cents per share, topping Wall Street estimates. Revenue also beat estimates, coming in at $8.5 billion in the quarter. The bank said trading revenue was lower year-over-year, as was advisory fees for M&A, but it did see stronger revenue from stock and bond offerings.
Shares of Morgan Stanley were lower this morning.
Also reporting today was UnitedHealth (NYSE:UNH). The health insurer earned $1.19 billion in the quarter, or $1.16 per share, narrowly beating Wall Street estimates of $1.14 per share. Revenue was also higher in the first quarter, coming in at $30.34 billion -- an 11% increase year-over-year. The company also reiterated its 2013 guidance of $5.25 to $5.50 per share, though it did note that revenue could be lighter than previously expected as a major client recently switched to another provider.
Shares of UNH were heading lower in early trading Thursday.
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