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Morgan Stanley profit beats on strength in equity trading, underwriting
short by Avijit Vajpayee / on Tuesday, 16 October, 2018
Morgan Stanley 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. The bank's sales and trading revenue rose 7.5 percent to $3.13 billion, with equities revenue rising 7 percent.
read more at Reuters