Morgan Stanley’s earnings fell 11% year over year, driven by a slowdown in corporate transactions and treacherous market developments.
The bank posted earnings of $3.7 billion, or $2.04 per share. Analysts polled by FactSet were expecting $1.71 per share. Revenue declined 6% to $14.8 billion in the quarter, beating expectations of $14.25 billion.
https://www.wsj.com/articles/morgan-stanleys-profit-falls-11-as-deals-slow-11649937044?mod=rss_markets_main Morgan Stanley’s profit falls 11% as business slows