The US investment bank reported record net revenues for full year 2019. Sales of structured products in its home market were up 60% year-on-year, according to SRP data.

Morgan Stanley posted full year net revenues at a record US$41.4 billion compared with US$40.1 billion in 2018. Net revenues for the institutional securities business in Q4, at US$5.1 billion, were up 34% from the same quarter last year. Sales and trading net revenues were up 28% year-on-year with equity sales and trading net revenues, at US$1.9 billion, in line with Q4 2018, reflecting ‘continued strength’ in prime brokerage and ‘solid’ results in cash equities, partial

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