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Morgan Stanley also on the up

Morgan Stanley HQ

Morgan Stanley, owner of the world’s largest brokerage, reported earnings that beat analysts’ estimates as profit from that business rose to a record and fees from investment banking reached a three-year high.

Morgan Stanley in upside surprise

Morgan Stanley building

Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.

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