Morgan Stanley’s profits fall 29%

Morgan Stanley said on Thursday that the profit in the second quarter fell 29% from a year ago, which reflects a fall in corporate agreements.

New York Bank made a profit of $ 2.5 billion, or $ 1.39 per share. Analysts asked by FactSet had expected $ 1.56 per share. Revenue fell 11% to $ 13.1 billion in the quarter, which also missed expectations of $ 13.39 billion.