Morgan Stanley Delivers Epic Faceplant, FICC Plunges 30%

Morgan Stanley Delivers Epic Faceplant, FICC Plunges 30%

Now we'll get a real test of how forgiving the market is willing to be when it comes to big bank results and FICC fumbles. Wall Street came into Thursday 0-4 on the FICC front as Citi, JPMorgan, BofA and Goldman all turned in lackluster fixed income trading results for Q4 and now, you can add Morgan Stanley to the list. The bank's Q4 FICC sales and trading revenue came in at just $564 million versus estimates of $822.5 million. As we're fond of putting it: "Juuuust a bit outside." Just like i
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