Morgan Stanley's second-quarter profit slid 39% in a quarter that was heavily affected by a restructuring of an investment in the firm.

Shares rose 5.2% to $22.85 in recent pre-market trading on the better-than-expected results. As of Wednesday's close, the stock has fallen 20% this year.

Morgan Stanley's second-quarter profit slid 39% in a quarter that was heavily affected by a restructuring of an investment in the firm

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Morgan Stanley reveals profit slip

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