Wednesday, June 20, 2007

Morgan Stanley profit beats estimates

(Reuters) - Net revenue rose 32 percent from last year to a record $11.5 billion, exceeding forecasts by about 16 percent. On a continuing operations basis, Morgan Stanley said earnings reached a new high.




Shares of Morgan Stanley were up $1.71, or 1.9 percent, to $89.51 in pre-market electronic trade.


Read more at Reuters.com Business News

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