Weak markets leave Morgan Stanley struggling to reach return-on-equity target

Morgan Stanley's trouble growing revenue in weak markets may cause management to take further actions to achieve its financial goals, Chief Executive James Gorman said on Monday. The Wall Street bank's first-quarter profit tumbled by more than half, as trouble in fixed-income markets hurt its trading business and capital markets underwriting lagged. Morgan Stanley's return-on-equity, a key measure of how well it uses shareholder capital to earn profits, was 6.2 percent, well below Gorman's goal