Morgan Stanley ended the second quarter with a net income of $1,58 billion ($0,75 per share), down from $1,81 billion ($0,85) in the same period last year.
However, clearly beat the expectations of analysts who indicated a profit per share of 0,59 dollars. Revenues amounted to 8,91 billion dollars, once again significantly above the 8,3 billion expected by the market. The US banking giant's trading revenue fell 7,1% to $3,26 billion, while investment banking revenue fell 23% to $1,11 billion.
The RotE stood at 8,3%, down from 9,1% in the same period of 2015. In the pre-market on Wall Street, the Morgan Stanley stock shows a jump of around 3 percentage points to the $29 area.
