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Morgan Stanley's Merger Might

The investment bank, led by CEO James Gorman, reported a 56% profit gain to $1.46 billion in the first quarter. The gain was owed in part to its investment banking business, where Morgan Stanley topped the rankings in global mergers and acquisitions advising during the quarter.

Posted on April 17, 2014, at 11:49 a.m. ET

Yuri Gripas / Reuters