Morgan Stanley Shares Plunge on Earnings Woes, Bank Blames Bonds25.2

Morgan Stanley’s fixed-income division posted its worst quarterly results in three years, sending the stock plummeting. According to Bloomberg, the Wall Street firm recorded a drop of 30% in bond-trading revenue from $808 million a year ago to $564 million. This was well below the $823 million that analysts had been expecting. Morgan Stanley blamed

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