Morgan Stanley’s second-quarter profit fell 14% due to continued weakness in investment banking and trading activity, but the Wall Street bank still did better than analysts had expected, prompting its stock to climb 6.5%. The company posted earnings of $2 billion, or $1.24 per share, down from $2.4 billion, or $1.39 per share, in the year-ago quarter. Analysts had expected earnings per share of...
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