Business News

Morgan Stanley expects trading, investment banking results to weaken

Reuters
Reuters
The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York

NEW YORK (Reuters) – Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told investors Wednesday.

(Reporting by Tatiana Bautzer)

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