| Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Morgan Stanley posted a huge first-quarter earnings beat on Wednesday morning. The bank reported adjusted earnings of $1.45 a share, a 45% increase from last year and well ahead of analyst expectations of $1.28 a share. Here are the key numbers (emphasis added): - Revenue: $11.1 billion, up 14% from last year and a record.
- Adjusted net income: $2.7 billion, up 38% from last year and also a record.
Among the standouts in the bank's impressive first quarter earnings report was its standing in fixed-income. The New York-bank posted its best fixed income results in three years. That's striking considering its a business the wealth management giant once deemphasized. In 2015, it took an axe to fixed-income, cutting 25% of its workforce, replacing its leadership, and slashing bonuses. Elsewhere in finance news, Tiger Global Management led a $17 million Series A round in Green Bits, a software platform for cannabis dispensaries. And the Southwest passenger who died after a major engine failure has been identified as a Wells Fargo VP and mother of two. In markets news: And in corporate news: | 
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