Having Seen The Merits Of Morgan Stanley's Business Model In Q2, What Should You Expect In Future?

he results go a long way in highlighting the strength of Morgan Stanley?s business model, which has a watered-down fixed income trading division ? in sharp contrast to those of other U.S.-based investment banks ? and which focuses substantially on wealth management operations. The fact that Morgan Stanley managed to eke out year-on-year gains in debt trading revenues shows that the bank?s decision to reduce its dependence on the business has not significantly impaired its ability to leverage its...