Morgan Stanley beats Q1 profit estimates; shares fall

Morgan Stanley's MS.N Q1 profit beats estimates helped by record equity trading and strong wealth management results

Shares of the bank, however, fall 1.2% to $105.30

Reports profit of $4.3 billion, or $2.60 per share, vs $3.4 billion, or $2.02 per share, a year ago

Analysts, on average, expected EPS of $2.20 - data compiled by LSEG

As of last close, stock down 15.2% YTD