Morgan Stanley (MS) posted better-than-expected first-quarter results on the back of record stock-trading revenue amid volatile markets.

The bank reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.60 on record revenue of $17.74 billion. 💦Analysts polled by Visible Alpha had e🍃xpected $2.18 and $16.44 billion, respectively. 

Morgan Stanley's results were powered by equity revenue that soared 45% year-over-year to a record $4.13 billion. The bank said it posted "increases across business lines and regions, particularly in Asia, with outperformance in 澳洲幸运5官方开奖结果体彩网:prime brokerage and derivatives driven by strong cli🔯♏ent activity amid a more volatile trading environment."

Morgan Stanley shares were down about 1% in recent trading but have risen more than 20% in the past 12 months.