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.
Pink slipped: 700+
The number of Morgan Stanley employees the bank plans to cut for the remainder of the year.
Source: Bloomberg News
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio