Wealth and Asset Management
Morgan Stanley’s wealth business stumbles even as profits jump
Morgan Stanley’s profits increased more than 40 per cent in the second quarter, but the bank reported a slowdown in growth in its cornerstone wealth management business. Morgan Stanley reported quarterly net income of $3.1bn, up from $2.2bn a year earlier and ahead of analysts’ estimates. That jump was aided…
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Click here to read the full story: Financial Times