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NEW YORK (MarketWatch) — Morgan Stanley , the wall Street brokerage firm, said
Wednesday its second quarter profit fell 60% to $1.03 billion, or 95 cents a
share, from $2.58 billion, or $2.45 a share ago. The company’s revenues in the
quarter fell to $6.51 billion from $10.5 billion a year ago. Analysts polled by
Thomson Reuters had expected the firm to report profit of 95 cents a share, on
revenue of $7.05 billion.

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