Morgan Stanley became the latest big bank to beat Wall Street analysts’ expectations with its quarterly earnings results. The victory may feel a little hollow though, and not just because profits at the New York firm dropped 53%. Analysts’ estimates have been falling sharply since the start of the year, lowering the bar for the banks. J.P....
Morgan Stanley - 1Q16 net profit of $ 1.1bn , down 2 % overnight , as low oil prices hit the US bank 's trading floor and helped push revenues down from $ 1.9bn to $ 1 m .