Morgan Stanley beats estimates for second-quarter profit on strong trading results

Morgan Stanley beats estimates for second-quarter profit on strong trading results

James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.

Adam Galici | Getty Images

Morgan Stanley on Thursday posted second-quarter results that blew past analysts’ estimates on stronger-than-expected trading revenue.

Here’s what Wall Street expects:

Earnings: $1.12 a…

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