Morgan Stanley Only Top Bank To See Q2 Trading Gain

Morgan Stanley (MS) was the only big bank to report an increase in trading revenue during the second quarter, helping the investment banking giant top forecasts. The New York-based lender earned 85 cents a share for a net income of $1.8 billion, down 7.6% from the 92 cents it earned a year earlier, when it got a boost from a one-time tax benefit. Excluding items, Morgan Stanley earned 79 cents a share, while analysts polled by Thomson Reuters

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