Morgan Stanley profits surge by 11% in Q2


(MENAFN) US bank Morgan Stanley Profits have jumped by 11% year-on-year in the April-June period.

Meanwhile, the Us based company further weathered a drop in bond trading better than rivals, marking a fall by a 4% in revenue in that business.

Morgan Stanley added profits accounted for USD1.8bn in the second three months, while revenues hit over USD9.5bn.

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