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.


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