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Morgan Stanley profit drops nearly 50 per cent
Investment bank is hit by a fall in fixed income trade flow, slicing net income per share to half that of 2010
Reuters Published in Ahram Online on 21 - 04 - 2011

Morgan Stanley said first-quarter profit dropped nearly 50 per cent, hurt by a decline in fixed income trading revenue.
The investment bank and brokerage posted net income for shareholders of US$736 million, or 50 cents a share, down from $1.411 billion, or 99 cents a share, in the same quarter last year.

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