22 Jul 2010

Quarterly earnings higher for Morgan Stanley

7:32 am on 22 July 2010

Morgan Stanley made a stronger-than-expected profit of $US1.4 billion profit in the three months to June.

The Wall Street banking company made a loss of $US138 million in the same period a year ago.

Wells Fargo says its profit fell slightly to $US3.1 billion in the June quarter.

And Coca-Cola reported strong second-quarter profits thanks to rising international sales. Total profits rose 16% to $US2.4 billion.