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5 hours ago

AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout

AI stock frenzy drives record revenue at Morgan Stanley, capping big bank earnings blowout

An AI-powered trading and dealmaking binge boosted profits 58% at Morgan Stanley (MS) in the second quarter. On Wednesday, the Wall Street bank reported net income of $5.58 billion, or $3.46 per share. Net revenue soared 27% from the year-ago... Read more.

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