MS reported a rise in Q2 profit, with EPS $3.46 vs. est. $2.93, driven by strong mergers and acquisitions activity; Q2 investment Banking re

MS reported a rise in Q2 profit, with EPS $3.46 vs. est. $2.93, driven by strong mergers and acquisitions activity; Q2 investment Banking revenue soared to $2.44B from $1.54B Y/y boosted by a rise in M&A advisory fees; Q2 revs $21.3B topped ests $19.67B; Q2 provision for credit losses $98M; total client assets across Wealth & investment management reaches $10 trillion milestone; shares +0.9% premarket