It was earnings day for the sixth largest bank in the U.S. – and it wasn’t pretty. Revenue is down though profits were up compared to the first quarter of this year.
July 19, 2012
Morgan Stanley’s chairman and chief executive James Gorman tried to put a brave face on the tepid numbers telling reporters, “Although global economic uncertainty remains a headwind, we are proactively positioning the firm for success.” He adds, “We continue to be focused on taking the necessary steps to deliver strong returns for our shareholders.”
Let's take a look at the numbers.
