Financial services major Morgan Stanley (NYSE: MS) reported weaker-than-expected results for the second quarter ended June 30, 2022. The muted results were on the back of both revenue and earnings falling short of expectations. The weak results have affected the stock price adversely, as the shares of the company are down almost 1% in the pre-market hours. Revenue, Earnings Sink Morgan Stanley reported quarterly net revenues of $13.13 billion, down 11% from the previous year. Further, the figure missed the consensus estimate of $13.48 billion. A year-over-year decline of 13.7% and 5.
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Morgan Stanley (NYSE:MS)
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