Aug. 7 (Bloomberg) -- Morgan Stanley’s traders made $100 million or more on 22 days during the second quarter, compared with 24 days in the prior three-month period.
The company lost money on four days from April through June, down from 14 days in the previous quarter, the New York- based firm said today in a quarterly filing with the U.S. Securities and Exchange Commission.
Morgan Stanley, the sixth-biggest U.S. bank by assets, lags behind larger rival Goldman Sachs Group Inc. in trading revenue. During the second quarter, Goldman Sachs’s traders reaped $100 million or more on a record 46 of the firm’s 65 trading days, up from 34 days in the first quarter.
Morgan Stanley’s second-quarter fixed-income revenue of $973 million compared with $6.8 billion at Goldman Sachs, while equity trading revenue of $681 million compared with $3.18 billion at Goldman Sachs.
The company lost money on four days from April through June, down from 14 days in the previous quarter, the New York- based firm said today in a quarterly filing with the U.S. Securities and Exchange Commission.
Morgan Stanley, the sixth-biggest U.S. bank by assets, lags behind larger rival Goldman Sachs Group Inc. in trading revenue. During the second quarter, Goldman Sachs’s traders reaped $100 million or more on a record 46 of the firm’s 65 trading days, up from 34 days in the first quarter.
Morgan Stanley’s second-quarter fixed-income revenue of $973 million compared with $6.8 billion at Goldman Sachs, while equity trading revenue of $681 million compared with $3.18 billion at Goldman Sachs.
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