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Morgan Stanley's Institutional Securities division cleared $10.7 billion in net revenue.
Morgan Stanley reported $5.15 billion in equity trading revenue, a record for a single quarter.
KEY POINTS
- Total net revenue surpassed $20 billion for the first time in the firm's history.
- Institutional Securities posted $10.7 billion in net revenue, its best three-month period ever.
- Morgan Stanley launched a $10 billion investment-grade bond, among the largest by a Wall Street bank.
- The firm closed its acquisition of EquityZen, expanding its private-markets business.
COMPANIES
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