Gary Townsend Interview on Morgan Stanley, Wells Fargo

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July 21 (Bloomberg) -- Gary Townsend, president and co-founder of Hill-Townsend Capital LLC, discusses Morgan Stanley's and Wells Fargo & Co.'s second-quarter earnings reported today. Morgan Stanley had net income of $1.96 billion, or $1.09 a share. Earnings from continuing operations were 80 cents a share, which included a 20-cent tax benefit, beating analysts' estimates. Wells Fargo said net income fell 3 percent to $3.06 billion, or 55 cents a diluted share. Townsend talks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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