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
Nice Kitty: $3.51 Billion
The amount Morgan Stanley has set aside for the first six months of the year to pay investment bank employee salaries, bonuses and benefits. This is down 15 percent from a year earlier for the sixth-largest U.S. bank by assets.
Source: Bloomberg News
