Bank of America, Morgan Stanley stocks up on Q1 earnings beat

) are rising Tuesday morning after reporting first quarter earnings. Both companies beat Wall Street estimates for revenue and adjusted earnings per share : Bank of America reported $25.82 billion against a projection of $25.61 billion and took home an adjusted EPS of $0.83 against estimates of $0.77. Morgan Stanley posted revenue of $15.14 billion against estimates of $14.46 billion, and adjusted earnings per share of $2.02 against projections of $1.66.

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