Sohini Podder and Elizabeth Dilts Marshall
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Morgan Stanley Beats Estimates As Record Deal-making Cushions Trading Blow
Morgan Stanley reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity that helped offset a slump in fixed income underwriting. Morgan Stanley reported a better-than-expected quarterly profit on Thursday, as its investment banking business benefited from record levels of capital market activity that helped offset a slump in fixed income underwriting.