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 NEW YORK (AP) - Net income at Wall Street firm Morgan Stanley rose 17 percent in its fiscal first quarter on record revenues stemming from growth in both investment banking and fixed-income trading.
The company said Wednesday that during the quarter ended Feb. 28, it $1.64 billion, or $1.54 per share, up from $1.4 billion, or $1.29 per share, in the first quarter of 2005.
Revenue rose 24 percent to $8.48 billion from $6.84 billion a year ago.
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