Morgan Stanley’s Trading Business Outshines Peers

Morgan Stanley (ticker: MS) reported second-quarter earnings and revenue beats Wednesday, but its trading business impressed investors the most. With relatively low volatility in global financial markets in recent months, big banks have struggled to find trading opportunities, but Morgan Stanley’s trading business held up relatively well.

IBM’s Revenue Losing Streak Continues

International Business Machines Corp. (ticker: IBM) investors are getting tired of waiting for the company’s bright future to finally arrive. On Tuesday afternoon, IBM reported its 21st consecutive quarterly revenue decline after years of heavily investing in initiatives targeting cloud computing and artificial intelligence.