Morgan Stanley (MS) stronger with Q1 profit

Morgan Stanley (NYSE: MS) shares rose 3.2% to $30.84. First-quarter profit jumped to $1.51 billion from $962 million a year ago, with adjusted per-share earnings coming in at 68 cents. Quarterly revenue increased to $8.93 billion from $8.15 billion a year earlier. Results came in stronger than analyst expectations. The bank also said it would double its dividend to 10 cents a share and repurchase up to $1 billion shares. Share volume was 2.7 million, compared to an all-day average of 2.8 million