Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue

Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue

• Morgan Stanley reported second-quarter earnings and revenue that were below analysts’ expectations.
• The bank’s results were hurt by a steep 55% decline in investment banking revenue.
• The results confirm what some analysts had feared for Morgan Stanley, which runs one of the larger equity capital markets operations on Wall Street.

https://www.cnbc.com/2022/07/14/morgan-stanley-ms-2q-2022-earnings-.html