The American merchant bank Morgan Stanley made a lower profit in the second quarter. Like industry peers on Wall Street, Morgan Stanley was struggling with declined income from trading in bonds and shares, according to figures from the financial group.

Net profit fell by 10 percent to $ 2.2 billion compared to a year earlier. Revenues decreased by 3 percent to more than 10.2 billion dollars. Morgan Stanley saw income from asset management grow, but that was insufficient to compensate for the decline in revenue from trading activities and investment banking. CEO James Gorman spoke of solid results at all divisions of the bank.

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