The SPA newswire

North America

Morgan Stanley (New York) - Reflecting a robust year on Wall Street, Morgan Stanley reported record net revenue of $6.9 billion in the third quarter, the highest since the second quarter of 2000. The firm noted that it achieved record revenues in its Institutional Securities division. Morgan Stanley also noted that structured products continued to be a bright spot for the financial institution: fixed income sales and trading net revenues were $2 billion, up 63% from the third quarter of 2004

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