Europe’s last quarter of results best in many years, according to Morgan Stanley
The Corner Morgan Stanley Analysis The strategy team once again highlights that this has been one of the best earnings seasons in years. Analysing the reaction of Morgan Stanley Research analysts to the published figures, there is a clear bias towards beats; on balance, 48% of reactions point to positive surprises (compared with 26% in Q1). The picture is similar if we focus on the impact our…
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