As with rival JPM, Morgan Staley’s equities trading was the quarter’s standout, with revenue surging 48% to $3.8 billion, topping forecasts by over $500 million.
- Revenue climbed 17% to a record $17.74 billion, an impressive 7% beat.
- Earnings rose 26% to $4.32 billion, an 18% beat on expectations.
MM is cautiously bullish towards MS
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