The biggest U.S. banks are reporting a solid second quarter, and Morgan Stanley just joined the party. Its earnings beat estimates, rising 42 percent to $802 million. While revenue grew across the board, equities trading and underwriting fared particularly well. Its fixed income and commodities trading revenue bounced back from the year before but fell further from a dismal first quarter. Those revenues were half that of archrival Goldman Sachs.moreless
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