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Morgan Stanley quarterly profit falls, posts 14% drop in equities-trading revenue

Anthony Noto
Morgan Stanley quarterly profit falls, posts 14% drop in equities-trading revenue

A trading slump has taken a toll on Morgan Stanley. The announcement came as Morgan Stanley reported Thursday that its quarterly profit fell 10 percent. Morgan Stanley, which is the smallest of the big U.S. banks, reported a profit of $2.2 billion, or $1.23 a share, on $10.2 billion in revenue, both down from a year ago.