(Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc. led Wall Street banks in posting a collective 42% increase in equities-trading revenue in the second quarter, the largest jump in more than three years.
Morgan Stanley posted $1.81 billion of revenue from trading stocks and equity derivatives and providing prime-brokerage services, surpassing Goldman Sachs to top all rivals for the first time in at least two years. Revenue in New York-based Citigroup Inc.s business climbed the most, with a 68% jump from last years second quarter.
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