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Morgan Stanley’s Second-quarter Profits Fall Despite Profits at Core Businesses
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20.07.2015
Morgan Stanley’s second-quarter profit fell 9% from a year earlier, the bank said Monday, despite better results at all three of its core businesses.
The investment bank and asset management firm earned $1.67bn, down from $1.82bn. On a per-share basis, that amounted to 85 cents, compared with 92 cents in the same period last year, when a one-time tax benefit boosted results.
Total net revenue at the bank rose to $9.74bn from $8.61 bn.
The investment bank and asset management firm earned $1.67bn, down from $1.82bn. On a per-share basis, that amounted to 85 cents, compared with 92 cents in the same period last year, when a one-time tax benefit boosted results.
Total net revenue at the bank rose to $9.74bn from $8.61 bn.
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