Morgan Stanley Reports Q2 Net Revenue of $21.35B, Beats Estimate; EPS $3.46

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Morgan Stanley reported second-quarter net revenue of $21.35 billion yesterday (July 15), exceeding the consensus estimate of $19.58 billion. The bank delivered earnings per share of $3.46 for the period.

Wealth Management net revenue reached $8.86 billion, surpassing expectations of $8.68 billion. The bank's assets under management totaled $2.00 trillion, compared to the estimated $1.94 trillion.

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