Q:

What are Morgan Stanley's second quarter results?

A:

For the second quarter of 2014, Morgan Stanley reported net revenues of $8.6 billion compared to $8.5 billion for the same period in the year prior. Income from continuing operations was $1.9 billion compared with $1.0 billion for the year prior.

The company reported strength in investment banking and equity sales and trading, and it reported lower performance in fixed income and commodities sales and trading due to lower market activity. Total client assets were $2.0 trillion at the end of 2014's second quarter, and the company pledged to continue its stock buyback program through the end of the first quarter in 2015.


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