Morgan Stanley’s Q3 Profits Decline Amid Wall Street Slowdowns
A Slump in Investment Banking and Trading Revenues Morgan Stanley (MS) witnessed a 9% drop in third-quarter profits compared to a year ago, signaling ongoing challenges on Wall Street in the wake of a prolonged slump. Lagging Behind Peers While the decline in profits was milder than the 33% dip at rival Goldman Sachs (GS), … Read more