On Monday, bank earnings continued with The Goldman Sachs Group Inc (NYSE:GS), also joining the trend of topped profit and revenue estimates on the back of better-than-expected fixed income results and smaller-than-expected loan loss provisions. On Tuesday, Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC) boarded the bank earnings train. Morgan Stanley topped profit and revenue estimates with its second quarter financials on the back of stronger-than-expected trading and investment banking performance. Bank of America also topped estimates with second-quarter revenue and profit that were fueled by rising investment banking...
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