Economy
Morgan Stanley beats expectations. Arkivbild.
The u.s. major banks have Morgan Stanley reported an unexpectedly large profit for the third quarter of the year. Like its competitors, the bank may boost from increased activity in the trading.
Uncertainty about the monetary policy in many places, and the british decision to leave the EUROPEAN union has pushed up trading volumes on the bond market, which will benefit banks such as Morgan Stanley.
the Win lifted with 62 per cent in the third quarter to 1.52 billion u.s. dollars.
For the comparable business landed profits per share of 80 cents, which can be compared with a snittprognos among analysts of 63 cents per share.
net Sales lifted 15 per cent to 8.9 billion dollars, against the expected 8.2 billion dollars.
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