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Market Update : 
Morgan Stanley Profit Jumps 40%
Author: Elena Todorova
123jump.com
Last Update: 8:40 AM EDT June 20 2007

Morgan Stanley announced that its Q2 net income rose 40% to $2.58 billion, or $2.45 a share, from $1.84 billion, or $1.75 a share a year ago. Company’s revenue increased 32% from the previous year to $11.5 billion. Quarterly results exceeded expectations of net income of $2.01 a share on revenue of $10.03 billion.

 

 

 
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