Morgan Stanley’s (MS.N), opens new tab second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted results in wealth management.
The bank joined other Wall Street lenders, including Bank of America (BAC.N), opens new tab and JPMorgan (JPM.N), opens new tab in reporting higher investment banking revenue, fueled by growing confidence in the U.S. economy that prompted companies to raise more money and strike deals.
Source: REUTER
