Morgan Stanley is winning a Wall Street grudge match

Morgan Stanley is pulling away from archrival Goldman Sachs in a key business.
The US bank on Wednesday reported second-quarter earnings that beat expectations. That followed Goldman Sachs reporting its earnings on Tuesday.
And a comparison of the two banks in a key business line — equities sales and trading — shows that Morgan Stanley is getting one over on its rival.
Morgan Stanley reported equity sales and trading net revenues of $2.1 billion, down from $2.3 billion a year ago.
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