The bank wrapped up second-quarter results for the big U.S. lenders that shook out along expected lines – trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup, which had to build massive reserves for loans that may go bust. Most Wall Street executives, however, have warned that the trading boom will not last for long. Morgan Stanley Chief Executive Officer James Gorman cautioned that the bank’s record-setting numbers would be hard to repeat in the coming quarters. …read more
Source:: Yahoo Finance
