Lucas Jackson/Reuters
The results capped earnings for big U.S. banks and underscored weakness in Wall Street-focused businesses in a quarter marked by lower market activity due to trade tensions and rising bets of a cut in interest rates.in the quarter as a healthy U.S. economy fueled consumer spending and loan growth.Revenue from Morgan Stanley’s wealth management business rose 1.9 per cent to US$4.40-billion from a year earlier, and accounted for 43 per cent of total revenue.
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