Bloomberg’s Dominic Chu reports that Bruce Berkowitz’s Fairholme Fund is poised to post its best year in a decade, led by the rebound of financial firms that fueled what he called a “horrible” 2011. He speaks on Bloomberg Television’s “In The Loop.”
Financial services behemoth Morgan Stanley (NYSE:MS) reported strong second quarter earnings with profits rising 47%, pushing Morgan Stanley stock higher. The firm generated $15 billion in revenue, an 11% year-over-year...
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