Morgan Stanley’s Profits Beat Expectations

Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses. The Numbers: The bank said its net income attributable to common shareholders was $1.43 billion, or $0.75 per share, in the quarter ended June 30. Analysts on average had expected earnings of $0.59…

http://fortune.com/2016/07/20/morgan-stanleys-profits-beat-expectations/

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