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Morgan Stanley's $4.6 trillion wealth management business has seen significant growth in the past 10 years and posted $6.6 billion in pretax profit last year.
Shares swung between losses and gains at open. $A hits 2023 low overnight. Private first quarter capex and retail trade at 11.30am AEST. Global PMIs top data agenda. Oil drops for a third session. Follow updates here.
The growth will come from a mix of asset growth, more lending and expanding markets
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Morgan Stanley expects its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told investors Wednesday.
NEW YORK (Reuters) - Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging...