Morgan Stanley profit jumps 45% on trading boom
The bank's earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share
The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. REUTERS/Mike Blake
Morgan Stanley posted a 45 percent rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.
The bank's earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share, in the second quarter ended June 30, from $2.2 billion, or $1.23 per share, a year ago.
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