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Morgan Stanley beats estimates on strong equities trading

Original: morgan stanley

Morgan Stanley reported quarterly results above analyst expectations, with equities trading revenue outperforming estimates by $909 million. The better-than-expected trading performance drove the beat, making the US bank one of the standout earnings stories of the day. Coverage, including from CNBC, is focused on how well the bank's trading desk did relative to Wall Street forecasts.

Why now: Morgan Stanley just reported quarterly earnings that beat expectations, driven by equities trading.

Morgan StanleyCNBC

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