Morgan Stanley executives offer cautious outlook after profit beat

By Anirban Sen and Elizabeth Dilts Marshall (Reuters) - Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year. Like other big banks, Morgan Stanley had to navigate falling interest rates, volatile markets and recession signals during the third quarter, and fared relatively well.

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