Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year. The bank reported record quarterly earnings Thursday morning of $US1.96 per share, beating analysts’ $US1.12 per-share estimate. Morgan Stanley now holds between $US6 billion and $US10 billion in “excess capital,” […]
Bank earnings are set to tank 69% year-over-year for the second quarter, Goldman Sachs said in a Tuesday note. Morgan Stanley and Citigroup are Goldman analysts’ top picks among the seven biggest US banks. Both firms enjoy a greater focus on capital markets, leading fee income to serve as a […]
Morgan Stanley and Charles Schwab stock are top picks after the week’s strong sell-offs, Sandy Weill, former Citigroup CEO, told CNBC on Friday. Bank stocks notched outsized losses on Thursday after the Federal Reserve projected near-zero rates could last through 2022. Such policy cuts into firms’ earnings by lowering the […]
Morgan Stanley reported an earnings beat on Thursday, sending shares nearly 8% higher. Investment revenues nearly doubled in the quarter thanks to a $US50 million investment a Morgan Stanley PE fund in Asia made 6 years ago that grew to $US2 billion, CFO Jon Pruzan said. The company is China […]
Morgan Stanley is edging higher in pre-market trading Wednesday after posting better-than-expected results on both the top and bottom lines. Wealth management and mergers and acquisitions both provided a boost. The bank raised its dividend. Watch Morgan Stanley trade in real time here. Morgan Stanley is up 2.67% in early […]
Morgan Stanley reported earnings of $US1.45 per share Wednesday morning, well ahead of the expected $US1.28. The bank said it set new records for revenue and adjusted net income, as well as its equities and wealth management businesses. Follow Morgan Stanley’s stock price in real-time here. Shares of Morgan Stanley […]
Shares of Morgan Stanley jumped on Thursday after reporting strong fourth-quarter earnings. The bank still took a net $US1.2 billion loss from the new tax law, and suffered from a weak quarter in trading. View Morgan Stanley’s real-time stock price here. Morgan Stanley edged higher on Thursday after it reported […]
Stocks of all the major banks were slightly...