(Reuters) - Morgan Stanley won market share in bond trading in the first quarter after years of investments in the business, allowing the Wall Street bank to post results that beat many analysts' expectations.

The investment bank and brokerage said its bond trading revenue rose compared with last year's first quarter, stripping out an accounting quirk, even as its chief rival, Goldman Sachs Group Inc, posted a decline. Morgan Stanley shares were up 1 percent at $17.85 in Thursday afternoon trading.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access