Morgan Stanley positioned for Fed-fueled liftoff

October 19, 2016 4:03 PM

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Morgan Stanley is positioned for a liftoff – but timing is in the hands of the U.S. Federal Reserve. Solid trading and cost cuts left the Wall Street bank earning $1.5 billion, 62 percent higher than the same period last year. That put annualized return on equity just shy of 9 percent, the lower end...

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