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Morgan Stanley profit drops 14% as deal drought persists

Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. ....

New York , United States , Mehnaz Yasmin , James Gorman , Arun Koyyur , Lananh Nguyen , Niket Nishant , Tatiana Bautzer , Thomson Reuters Trust Principles , Morgan Stanley , Thomson Reuters Trust ,