Bank of America (BAC) and Morgan Stanley (MS) both reported their second quarter results with shares of Bank of America moving to the upside in pre-market trading as it expects net interest income to rise in the fourth quarter. Shares of Morgan Stanley are falling in pre-market trading on Tuesday as the firm’s wealth management net revenue missed estimates by $70 million.
The Morning Brief anchors Brad Smith and Seana Smith break down the latest earnings figures for these major banks and what it could mean for their stocks moving forward.
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