Net income was $3.4 billion, up 14% from the year-earlier period and up 125% from the fourth quarter. Revenues of $15.1 billion were up 4% from a year ago and up 17% from the fourth quarter.The performance was better than expected. Analysts had expected net income to fall and net revenue to be flat.
One weak spot was advisory work. Those fees were down from a year ago "on lower completed M&A transactions." Wall Street has been waiting two years for dealmaking to turn around, and the evidence of a revival is starting to emerge in the first-quarter results from big banks.It reported Monday that an investment banking surge included a 24% rise in advisory fees, as well as a 38% jump in debt underwriting, and a 45% increase in equity underwriting fees.
Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge
Investment Banking Fixed Income Ted Pick
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street advises caution on gold prices next week, Main Street mashes the gasThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Wall Street and Main Street still see gains for gold next week amid extreme volatilityThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Morgan Stanley lifts its third quarter Brent crude oil forecast on rising geopolitical risksThe bank raised its Brent crude oil price forecast by $4 per barrel to $94
Source: globeandmail - 🏆 5. / 92 Read more »
Bitcoin price struggles below $71k, but Morgan Stanley may add ETF support within weeksThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Oil stock outperformance to continue, says Morgan Stanley chief investment officerDaily roundup of research and analysis from the The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »
Morgan Stanley’s ETFs Break $1 Billion With Mutual Fund Flips(Bloomberg) -- Morgan Stanley’s exchange-traded lineup now holds more than $1 billion thanks to the firm’s first-ever mutual-fund conversions. Most Read from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »