Morgan Stanley US sales hits two-year low

Morgan Stanley has reported net revenues of US$13.3 billion for the third quarter of 2023 compared to US$13.0 billion a year ago, according to the bank’s latest earnings report. Our equity and fixed income businesses navigated markets well, and both wealth and investment management produced higher revenues and profits year-over-year - James Gorman Net income was US$2.4 billion, or US$1.38 per diluted share, compared to net income of US$2.6 billion, or US$1.47 per diluted share, from th