Morgan Stanley caps strong earnings season for big U.S. banks
Reuters
Published Jul 18, 2018 02:13PM ET
Morgan Stanley caps strong earnings season for big U.S. banks
(Reuters) - Morgan Stanley's better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks.
The U.S. banking industry has benefited from a cut in corporate tax rates, interest rate hikes and a strengthening economy.
Volatility caused by escalating trade tensions and central bank policy changes also boosted trading revenue across Wall Street. Goldman Sachs Group (NYSE:GS) Inc's 45 percent jump in bond trading revenue was the biggest among its peers.
Following is a snapshot of bank earnings:
(Graphic: U.S. big banks second quarter earnings per share interactive - https://tmsnrt.rs/2NOEYm8)
(Graphic: U.S. big banks Q2 trading revenue interactive - https://tmsnrt.rs/2LfIl3N)
(Graphic: U.S. big banks second quarter loans interactive - https://tmsnrt.rs/2L3ieRu)
(Reporting and Graphic by Diptendu Lahiri in Bengaluru)
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Written By: Reuters
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