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Check out which companies are making headlines before the bell:

Morgan Stanley — In contrast to rival Goldman Sachs Tuesday, the firm beat Street estimates on both the top and bottom lines. It earned $1 per share, compared to a consensus estimate of 88 cents a share, in what CEO James Gorman called the firm's best quarter in years. The results were driven by a solid performance in investment banking.

BlackRock — The asset manager reported adjusted quarterly profit of $5.25 per share, well above estimates of $4.89 a share. Revenue did come in slightly below consensus. Higher investment advisory fees and an improvement in securities lending revenue helped drive results.

US Bancorp — The regional bank beat estimates by two cents a share, with quarterly profit of 82 cents. Revenue was slightly above forecasts. The bank's results were aided by loan growth.

Textron — The maker of Bell helicopters reported adjusted quarterly profit of 46 cents per share, one cent a share above estimates. Revenue missed forecasts, however, and Textron also cut its full-year forecast to reflect its acquisition of recreational vehicle maker Arctic Cat.

International Business Machines —...