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By Peter Rudegeair Morgan Stanley said Friday that first-quarter profit more than doubled from a year earlier, another Wall Street firm that reaped big gains from the euphoric market conditions of early 2021. The New York-based bank reported record quarterly profit of $4.1 billion, or $2.19 a share, on revenue of $15.7 billion. That beat the consensus estimates of analysts polled by FactSet of per-share earnings of $1.72 on revenue of $14.1 billion. Record performance across many of its businesses was offset by $911 million in losses Morgan Stanley booked related to the blowup at Archegos Capital Management in March. Still, Morgan Stanley rounded out an all-time great first quarter from the nation s big banks. Asset prices rallied, millions of investors traded stocks with abandon and scores of technology and special-purpose acquisition companies listed their shares publicly, creating an optimal environment for banks Wall Street divisions. O ....