New York – The Morgan Stanley today announced that it had Net profit US $ 1.58 billion in the second quarter, less than the gain of $ 1.81 billion achieved in the same period of 2015.
in the same comparison, earnings per share fell to $ 0, 75, from $ 0.85. Revenue fell to $ 8.91 billion.
Despite the drop in profit and revenue, the results of the US financial group came considerably higher than expected. Analysts polled by Thomson Reuters expected earnings per share of US $ 0.59 and US $ 8.3 billion revenue.
At 8:32 am (GMT), shares of Morgan Stanley operated in strong high of 3.2% in pre-market business in New York.
. Source: Dow Jones Newswires
Topics: Balance , Profit Morgan Stanley , Companies , American companies , investment banks
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