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Morgan Stanley pulls away in equities

US bank benefits from resurgence in revenues to pull away at the top of Coalition's league table for equities trading

A resurgence in revenues in the third quarter helped Morgan Stanley pull away in the race for the top spot in equities trading, a position it shared with JP Morgan and Goldman Sachs a year ago.

The US bank ranked first among equities businesses at 10 large investment banks tracked by UK consultancy Coalition at the end of the third quarter. JP Morgan and Goldman Sachs shared second this year.

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