- Morgan Stanley just posted its best fixed income results in three years.
- The bump came even after Morgan Stanley massively cut headcount and capital in its bond trading unit at the end of 2015.
- Morgan Stanleys fixed income results of $US1.9 billion were slightly behind those of rival Goldman Sachs.
Among the standouts in Morgan Stanleys impressive first quarter earnings report was its standing in fixed-income.
The New York-bank, which reported record revenues and net income on Wednesday, posted its best fixed income results in three years.
Thats striking considering its a business the wealth management giant once deemphasized. In 2015, it took an axe to fixed-income, cutting 2…
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