Business

Morgan Stanley profits fall 11% as transactions slow


Morgan Stanley’s profit fell 11% from a year ago, reflecting a drop in corporate transactions and treacherous tension for markets.

The bank posted a profit of $3.7 billion, or $2.04 per share. Analysts polled by FactSet had expected $1.71 per share. Revenue fell 6% to $14.8 billion in the quarter, beating expectations of $14.25 billion.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button