Morgan Stanley posts earnings of 47 cents a share on revenue of $7.8B

Analysts had expected Morgan Stanley to report earnings of about 48 cents per share on $8.08 billion in revenue, according to a consensus estimate from Thomson Reuters. Last week, major U.S. banks, including Bank of America, JPMorgan Chase, and Citigroup, posted disappointing quarterly results as market volatility weighed on trading revenue. Goldman Sachs...