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Despite the rally, Morgan Stanley’s closing price remained $13.74 below its 52-week high of $100.99, which was achieved on February 14th. On Wednesday, the firm outperformed some of its competitors; JPMorgan Chase & Co. (NYSE:NYSE:JPM) saw a marginal rise of 0.05% to $146.41, while Wells Fargo & Co. (NYSE:WFC) and Charles Schwab Corp. (NYSE:NYSE:SCHW) experienced declines of 0.68% and 2.96% to close at $42.25 and $58.73 respectively.
In terms of trading volume, Morgan Stanley recorded a figure of 10.2 million, surpassing its 50-day average volume of 6.9 million.
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