Morgan Stanley Reports Robust Q2 Revenue and Earnings Growth

[kreslik.news]

Morgan Stanley has published its second quarter 2018 financial results today, which showed a robust growth in revenue and earnings. The results, which came in well above market expectations, rounded up a strong financial season for US banks.

The positive results were driven by the bank’s fixed income and equities trading businesses. According to the report, profit surged by 39% year-on-year to reach $2.44 billion in the second quarter of 2018. This figure exceeded the $2 billion estimate from analysts surveyed by Thomson Reuters.

In addition, the results from the New York-based bank showed that net revenues for the ... (read more)