Peabody Says Morgan Will Build Trading Business

April 21 (Bloomberg) -- Charles Peabody, a partner and analyst at Portales Partners LLC, talks with Bloomberg's Margaret Brennan about the first-quarter profit of Morgan Stanley and its growth strategy. Morgan posted first-quarter income of $1.78 billion or 99 cents a share, which beat analysts’ estimates as fixed-income trading revenue more than doubled from a year earlier. Peabody also discusses the impact Morgan's legacy securities may have on earnings. (Source: (Source: Bloomberg)