Morgan Stanley stock drops despite Q3 earnings beat

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Shares of Morgan Stanley (MS) dropped after the release of its third quarter earnings. Investment banking revenue fell 27%, much more than its competition...

) dropped after the release of its third quarter earnings. Investment banking revenue fell 27%, much more than its competition. Morgan Stanley CEO James Gorman blames, in part, economic headwinds and the Federal Reserve for the low performance. Yahoo Finance anchors Julie Hyman and Josh Lipton break down Morgan Stanley's performance as well as James Gorman's comments and upcoming departure.

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