beat analysts' estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm's Wall Street trading operations.that profit jumped 25% from a year earlier to $2.72 billion, or $1.66 per share, exceeding the $1.28 estimate of analysts surveyed by Refinitiv. It generated revenue of $11.7 billion, 16% higher than a year earlier and a billion dollars more than the estimate.in takeovers this year, appeared to be firing on all cylinders.
"We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns," CEOThe bank's fixed income trading operations had the highest third-quarter revenue in a decade, helping the firm's total revenue so far this year hit a post financial crisis record, CFO Jon Pruzan told analysts Thursday on a call.
this is why the stock market should not be used as a metric for the economy. a historic number of people are unemployed, while wall street keeps getting propped up by the govt
Still struggling with becoming A Profitable Forex trader? I can help you out,Make $3000 In Just A Week,No need to pay for Signals,Learn how to invest and generate income all by yourself.Become a successful forex trader today📊💰.DM for more info chaneljabbour1
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley is set to report third-quarter earnings – here’s what the Street expectsCEO James Gorman has doubled down on his push to diversify away from Morgan Stanley’s traditional strengths of trading and investment banking. Thankful something is going on a positive directionpelosi OpenLearning=ASX: $OLL STOCKHEAD GROWTH Skills needed in search for recession-proof work YouTube link below is from an ASX Investors point of view about OpenLearning=ASX: $OLL Future of Education 👩💻❤👩🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley posts earnings beat driven by strong trading revenue - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Morgan Stanley, Vertex, Walgreens Boots: What to Watch When the Stock Market Opens TodayWall Street watches whether Morgan Stanley will celebrate strong earnings results
Source: WSJ - 🏆 98. / 63 Read more »
Morgan Stanley Posts $2.7 Billion Third Quarter Profit Thanks To Stocks’ Summer SurgeThe Wall Street giant’s profit rose more than 20% from the same period last year. That's fantastic news, meanwhile in real news...food lines are forming in most parts of the country How’s that even possible? COVID__19
Source: Forbes - 🏆 394. / 53 Read more »
Morgan Stanley profit crushes estimates on trading strengthMorgan Stanley eased past Wall Street estimates for profit on Thursday, wrapping up mixed third-quarter earnings for big U.S. banks that saw those focused on trading clocking big gains while retail banks took a hit from the pandemic. Mega Banks make a modest killing while '...Main Street banks like Citigroup and Bank of America struggled due to historically low interest rates, provisions to cover bad loans and lower consumer spending.' This is the 'K'-shaped recovery Biden talked of in the 1st debate. You have now the reason why they call continously to buy moaarrr
Source: Reuters - 🏆 2. / 97 Read more »
The stock market's near-term fate could be decided by the tight Senate race as stimulus remains in limbo, Morgan Stanley says | Markets Insider
Source: BusinessInsider - 🏆 729. / 51 Read more »