Morgan Stanley Profit Rises 57% on Surge in Bond-Trading Revenue

October 19, 2016 11:19 AM

31 0

Morgan Stanley reported a 57 percent third-quarter profit increase as fixed-income trading revenue almost tripled, the biggest surge for that business on Wall Street.

Net income rose to $1.6 billion, or 81 cents a share, from $1.02 billion, or 48 cents, a year earlier, the New York-based company said Wednesday in a statement.

Read more

To category page