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Morgan Stanley Tops Profits
0 Views • Oct 17, 2018
Description
(Reuters) - Morgan Stanley (MS.N) beat estimates for quarterly profit on Tuesday as higher revenue from trading in stocks and strong equity underwriting outweighed weakness in its bond trading and advisory businesses. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson The bank’s sales and trading revenue rose 7.5 percent to $3.13 billion, with equities revenue rising 7 percent.
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