Morgan Stanley profit plunges, warns of more pain ahead

(Reuters) - Morgan Stanley posted a 32% fall in quarterly profit on Thursday as the coronavirus pandemic stalled dealmaking and warned that the crisis would continue to weigh on its operations in the coming months.The results capped first-quarter earnings from big U.S. banks, which reported significant declines in profit and set aside billions to cover for a wave of expected loan defaults due to the crisis that has left millions of people jobless and companies cash-strapped.Morgan Stanley..