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...Morgan Stanley first-quarter profits rose 14 per cent to $4.3bn, thanks to strong performances in trading and wealth management....
...Morgan Stanley, UBS and Bank of America have some of the largest, more than twice as high as the average of 19 per cent. The biggest gaps by sector are construction, banking and consulting....
...Analysts forecast the six big banks, which includes Goldman Sachs and Morgan Stanley, will report a combined hit to earnings of 13 per cent compared with last year....
...In other Wall Street updates, Citigroup said it would cut 20,000 jobs after its worst quarter in 15 years; JPMorgan Chase reported record annual profits thanks to high interest rates; Morgan Stanley will...
...The UK energy market regulator fined Morgan Stanley £5.4mn for failing to keep records of WhatsApp communications among its traders, the latest sanction in the global crackdown on bankers’ use of personal...
...Recent mega deals have raised hopes of a gusher of advisory fees for Wall Street banks Morgan Stanley and Goldman Sachs....
...Morgan Stanley profits dropped 9 per cent after a slump in investment banking; Goldman Sachs profits fell 36 per cent after it pulled back from retail banking and Bank of America profits climbed a better...
...His rival at Morgan Stanley, James Gorman, is stepping down at the end of the year, to be replaced by Ted Pick, who currently runs investment banking and trading....
...Morgan Stanley also reported a drop in profits as trading slowed. The head of MI6 appealed to Russians that are appalled by the killing in Ukraine to join forces with the UK’s foreign spy agency....
...The World of Work Goldman Sachs and Morgan Stanley are among US companies offering British employees medical services on site....
...Need to know: business Data seen by the FT showed profits at Goldman Sachs, Morgan Stanley and other big western banks fell sharply last year because of Covid lockdowns and political tensions....
...Europe’s Morgan Stanley?: A year on from UBS’s rescue of Credit Suisse, the merger’s success is becoming increasingly dependent on the performance of the Swiss bank’s wealth business....
...The bosses of Goldman Sachs and Morgan Stanley said they were seeing “green shoots” in their struggling investment banking businesses, which have seen activity damped by higher interest rates....
...“All of a sudden we weren’t decentralised,” said Darren Cohen, co-head of growth equity. “We have a structure that can compete.”...
...JPMorgan chief Jamie Dimon is hawkish, arguing that it would probably need to lift its benchmark rate above 5 per cent, while Morgan Stanley’s James Gorman said inflation had peaked and that it was almost...
...Morgan Stanley also suffered falls at its investment bank but these were partly offset by record wealth management revenues....
...Morgan Stanley, whose business, like Goldman’s, skews more towards investment banking, trading and asset management, also reports next Tuesday, but has already announced the departure of CEO contender Jonathan...
...Profits fell at JPMorgan after the bank set aside $1.5bn for potential loan losses; by more than 30 per cent at Wells Fargo after a fake accounts scandal; and by a similar amount at Morgan Stanley following...
...Morgan Stanley sees opportunities for bargains, while Goldman Sachs has doubts about a possible recovery....
...management falling to $8.5tn; JPMorgan Chase said net income had fallen 30 per cent as it announced it was suspending share buybacks to meet new Federal Reserve rules on capital requirements; and Morgan Stanley...
...Ellen Zentner, chief US economist at Morgan Stanley, has argued in the Financial Times that recent increases in wage deals are here to stay as labour takes an increasing share of corporate income....
...JPMorgan Chase is the first to announce on April 13, followed by Citigroup, Goldman Sachs and Morgan Stanley on April 14 and Bank of America on April 18....
...It is not clear for example whether companies such as Credit Suisse, Morgan Stanley and British American Tobacco that have Moscow offices linked to the empire of sanctioned oligarch Roman Abramovich are...
...FT columnist and Morgan Stanley strategist Ruchir Sharma offers a more optimistic view on the outlook for emerging markets....
...Morgan Stanley also reported falls in trading revenues, accompanied by a small rise in investment banking.Boris Johnson’s staff would have been better off partying down their local Wetherspoon’s rather than...
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