Morgan Stanley beats estimates on higher trading revenue
Updated : July 18, 2018 05:02 PM IST
Net revenue from the bank's sales and trading business rose 18 percent to $3.76 billion, with fixed income and equity trading businesses recording gains of 12 percent and 15 percent.
In contrast, rival Goldman Sachs' trading revenue rose 17 percent, with bond trading showing a 45 percent jump and equity remaining flat in its second quarter.
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