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Morgan Stanley (MS)
by Zacks Equity ResearchApril 16, 2010 | Comments : 0 Recommended this article: (0)
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Robust topline growth and a dip in interest and operating expenses were partially offset by losses in fixed income sales and debt-related credit spreads. Also, low levels of activity were witnessed in sales and trading revenues although strong gains were posted in underwriting, wealth management and investment banking operations.
Given the current critical sustainability factor, we remain on edge regarding the financial impact of the company's JV with MUFG, which is scheduled to commence next month.
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