Morgan Stanley Investment Banking Hit by Capital Markets Seizing Up

Morgan Stanley reported worse than expected second quarter earnings before the bell Thursday on lower-than-expected revenue from investment banking. $MS released earnings ahead of major competitor Goldman Sachs and four of the largest U.S. lenders Wells Fargo, Citigroup and PNC. Morgan Stanley’s trading segment helped out as fixed-income revenue surged amid heightened volatility and clients repositioning their books as interest rates surged higher across the curve. Morgan Stanley NYSE: MS Reported Before Open Thursday $1.39 Missed $1.57 EPS AND $13.3 … Continue reading Morgan Stanley Investment Banking Hit by Capital Markets Seizing Up