The US investment bank has reported a positive second quarter performance with a 41% jump in net revenues of US$13.4 billion from the first quarter of 2020 and a 31% increase year-on-year.

The figures are indicative of the firm’s strong comeback from a difficult first quarter brought on by the Covid-19 pandemic, in which net revenues slid to US$9.5 billion from US$10.3 billion in the same period of 2019. Morgan Stanley has been the most prolific distributor group in the US market in terms of sales in Q2 20 having issued 580 structured products at a volume of US$3.04 billion, according to SRP data. The firm climbed from third place in Q2 19 (417 products sold at US$2.24 bill

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