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Banking

Morgan Stanley's profit jumps as investment banking recovers

File pic. — Bloomberg

Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded on strength in equity and debt underwriting.

Shares of the bank still fell 2% in choppy premarket trading as wealth management revenue rose only marginally, after powering growth through most of 2022 and 2023.

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Morgan Stanley , Wall Street , investment banking

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