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Morgan Stanley Profit Falls On Compensation Costs, Tax Provision
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20.07.2015
Morgan Stanley reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals.
Morgan Stanley, the last big U.S. bank to report for the quarter, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85 cents per share, from $1.82 billion, or 92 cents per share, a year earlier.
Morgan Stanley, the last big U.S. bank to report for the quarter, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85 cents per share, from $1.82 billion, or 92 cents per share, a year earlier.
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