The Traderszone Network

Published in TZ Latest News 20 April, 2015 by The TZ Newswire Staff

Morgan Stanley profit jumps on higher trading revenue

The bank’s trading business, like those of its main rivals, got a boost in the quarter after the Swiss central bank scrapped a cap on the franc, the European Central Bank announced its quantitative easing program and the U.S. Federal Reserve took steps toward tightening monetary policy. “This was our strongest quarter in many years with improved performance across most areas of the firm,” Chief Executive James Gorman said in a statement on Monday.

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