Morgan Stanley (MS) earnings Q2 2020


James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.

Adam Galici | Getty Images

Morgan Stanley on Thursday posted second-quarter results that blew past analysts’ estimates on stronger-than-expected trading revenue.

The bank generated profit of $3.2 billion, or $1.96 a share, exceeding the $1.12 a share estimate of analysts surveyed by Refinitiv. Revenue climbed roughly 30% to a record $13.4 billion, a surprise increase that exceeded expectations by a full $3 billion.  

Morgan Stanley, which is essentially a global investment bank paired with a large wealth management…

Source cnbc.com

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