(Reuters) - NEW YORK, June 20 - Morgan Stanley on
Wednesday said its second-quarter profit rose 40 percent,
trouncing expectations as most of its trading and
investment-banking businesses achieved record results.
The blowout results come a week after Lehman Brothers'
strong earnings fueled optimism that Wall Street would
escape any harm from rising subprime mortgage losses. But
expectations were dampened after Goldman Sachs' and Bear
Stearns' fixed-income trading profits took hits.
Read more at Reuters.com Bonds News
Wednesday said its second-quarter profit rose 40 percent,
trouncing expectations as most of its trading and
investment-banking businesses achieved record results.
The blowout results come a week after Lehman Brothers'
strong earnings fueled optimism that Wall Street would
escape any harm from rising subprime mortgage losses. But
expectations were dampened after Goldman Sachs' and Bear
Stearns' fixed-income trading profits took hits.
Read more at Reuters.com Bonds News
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