Net income increased to $802 million, or $0,41 per share – Net revenues for the quarter were $8,5 billion – Expectations were for earnings of 44 cents per share on revenues of 7,85 XNUMX billion dollars.
Morgan Stanley closed the second quarter with a 42% jump in profit, thanks to higher revenues in trading, underwriting and wealth management.
Net income increased to $802 million, or $0,41 per share, from $564 million, or $0,29 per share, a year earlier. Excluding special items, earnings were $0,43 per share. Net revenues for the quarter were $8,5 billion.
Expectations were for earnings of 44 cents per share on revenues of $7,85 billion.
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