Morgan Stanley Climbs as Results Beat Estimates, Expenses Drop

  • Firm announces `Project Streamline' to cut $1 billion in costs
  • Revenue climbs 5.3% as equity-trading revenue increases

Morgan Stanley: Fixed-Income Rebound Very Limited

Morgan Stanley rose in New York trading after reporting profit and revenue that exceeded analysts’ estimates and plans for cutting at least $1 billion in costs by next year.

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