Morgan Stanley Quarterly Profit Falls 10%

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Morgan Stanley Quarterly Profit Falls 10%
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Morgan Stanley’s quarterly results wrapped up a big-banks earnings season in a quarter where banks with big consumer operations carried the day.

The bank reported a profit of $2.2 billion, or $1.23 a share, on $10.24 billion in revenue, both down from a year ago, when it earned $2.4 billion on $10.6 billion in revenue. Analysts polled by FactSet had expected a profit of $1.

9 billion, or $1.13 a share, on $10 billion in revenue.
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