Wealth and Asset Management
Morgan Stanley Wealth Mgmt's Client Assets Plunge 13%; Earnings Miss Expectations
Morgan Stanley’s wealth management business shed assets during the latest quarter and posted lower net revenues as well as net income compared to the same quarter last year. The company reported a second quarter net icome of $2.5 billion,down from $3.5 billion a yewar ago. Earnings per share was $1.39,…
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