Both the firm's equities- and bond-trading businesses saw double-digit declines in revenue, missing consensus estimates.
Morgan Stanley reported second-quarter financial results on Thursday before the opening bell. The bank beat Wall Street estimates for earnings per share and revenue. However, investment-banking and sales-and-trading revenues fell by double-digits from the same period last year. That included a 14% decline in its stock-trading segment. Watch Morgan Stanley trade live.
Morgan Stanley reported second-quarter financial results on Thursday before the opening bell. The bank beat Wall Street estimates for earnings per share and revenue. However, investment-banking and sales-and-trading revenues fell by double-digits from the same period last year. That included a 14% decline in its stock-trading segment. Watch Morgan Stanley trade live.
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