Morgan Stanley Posts Record Q2 Net Profit of $5.58B, Up 58% YoY

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According to CNBC, Morgan Stanley recorded record second-quarter net profit of $5.58 billion on July 15, surging 58% year-over-year. Q2 revenue reached $21.34 billion, up 27%, both beating market expectations. Earnings per share came in at $3.45, exceeding analyst estimates of $2.94. The investment bank's equities trading division drove the results, generating $6.3 billion in revenue, roughly $1.9 billion above expectations.
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