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Morgan Stanley profit jumps 45% on trading boom

Credit: REUTERS/BRENDAN MCDERMID

Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

July 16 (Reuters) - Morgan Stanley MS.N posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

The bank's earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share, in the second quarter ended June 30, from $2.2 billion, or $1.23 per share, a year ago.

(Reporting by C Nivedita and Elizabeth Dilts in New York; Editing by Saumyadeb Chakrabarty)

((C.Nivedita@thomsonreuters.com; within the U.S. +1 646 223 8780, outside the U.S. +91 80 6182 2626; Twitter: @NivCholayil;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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