Morgan Stanley profit beats estimates on wealth, shares rise

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Morgan Stanley (MS) revenue boosted by wealth management division

July 18, 2023 8:34 AM EDT

Morgan Stanley (NYSE: MS) shares have edged lower premarket despite topping earnings and revenue expectations in the second quarter.

The bank reported earnings per share of $1.24, $0.01 better than the analyst estimate of $1.23, but down from $1.39 in the same period last year.... More