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Morgan Stanley Expects Quarterly Bond Revenue to Be Well Above $1 Billion

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Morgan Stanley Aims for Quarterly Bond Revenue Above $1 Billion

Morgan Stanley’s goal of generating about $1 billion in average quarterly bond-trading revenue is probably too conservative.

“Well north of a billion on average a quarter I think through the years is definitely sustainable,” Chief Executive Officer James Gorman said Tuesday at an industry conference sponsored by his firm. “The pool has been expanding” as higher volatility and interest rates fuel a rebound, he said.