Markets

Taking stock of a remarkable year in asset and wealth management

For the wealth and asset management industries, this year was marked by widespread consolidation, fierce competition for financial advisor talent, and firms doubling down on their wealth businesses. From Morgan Stanley’s E-Trade and Eaton Vance acquisitions to Franklin Templeton’s Legg Mason deal and LPL Financial and Macquarie’s bid for Waddell […]
Taking stock of a remarkable year in asset and wealth management
Markets

Morgan Stanley posts earnings beat driven by strong trading revenue

Morgan Stanley reported third quarter earnings that beat analyst revenue and income expectations. The 17% surge in revenue comes amid an acquisition spree by the firm, as it acquired both E-Trade and Eaton Vance so far this year. “We delivered strong quarterly earnings as markets remained active through the summer […]
Morgan Stanley posts earnings beat driven by strong trading revenue