Strong Quarter For Largest Banks: Morgan Stanley, JPMorgan, Citigroup

The beginning of earnings season has brought with it the results from the largest banks in the country. Morgan Stanley (NYSE:MS), Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Bank of America Corp (NYSE:BAC) and Citigroup Inc. (NYSE:C) all showed strong growth in the quarter. Morgan Stanley (NYSE:MS) Morgan Stanley (NYSE:MS)’s second-quarter earnings and revenue jumped, fueled by gains in investment banking and wealth management. Morgan Stanley reported net income of $980 million for the quarter, compared with $591 million in the same quarter a year ago. Per-share earnings of 41 cents were better…