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Morgan Stanley Showing Signs of Recovery, Stronger Than Expected Q2 Numbers

Everyone loves pitting investment banks against one another, and for good reason.  Competition is a beautiful thing.  Morgan Stanley is finally back in the fight, for the first time since 2007.  They overtook their more cautious rival, Goldman Sachs, (in bond trading at least) by betting on a bullish market.  One of the most comprehensive articles on the Morgan Stanley comeback is “Morgan Stanley Comes Up Golden” in the Wall Street Journal.