Morgan Stanley profit rises as mega-deal fees boost investment banking unit
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Morgan Stanley profit rises as mega-deal fees boost investment banking unit
REUTERS
PUBLISHED 1 HOUR AGO
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Morgan Stanley MS-N reported a rise in second-quarter profit, driven by strong mergers and acquisitions activity despite macroeconomic uncertainty.
A lenient regulatory environment and buoyant equity markets have helped company executives across sectors to pursue large-scale deals, generating a windfall in advisory fees for investment banks.
Mega-deals…
Read full article at The Globe and Mail ↗
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