Morgan Stanley beats

James GormanNeilson Barnard/Getty ImagesChairman and CEO of Morgan Stanley James P. Gorman participates in a panel discussion at the New York Times 2015 DealBook Conference at the Whitney Museum of American Art on November 3, 2015 in New York City.

Morgan Stanley beat Wall Street estimates for second quarter earnings, following the trend set by its peers.

The bank delivered earnings per share of $US0.87, up from $US0.75 in the second quarter of 2016, and ahead of the $US0.76 expected by analysts.

Here’s what you need to know:

  • The bank delivered net revenues of $US9.5 billion, up from $US8.9 billion a year ago.

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