profit

Morgan Stanley’s Profit Slides on Investment Bank Slowdown

Morgan Stanley’s Profit Slides on Investment Bank Slowdown

(Bloomberg) — Morgan Stanley shares plunged the most since June 2020 after the firm’s dealmakers posted the biggest drop in fees on Wall Street and its wealth management unit had the lowest inflows in more than three years.  Investment banking revenue slid 27% and the fixed-income trading business slumped, leading to a drop in profit. […]

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Morgan Stanley profit down with lower investment banking revenue, shares tank

Morgan Stanley profit down with lower investment banking revenue, shares tank

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS Prelude to the Best Sommelier of Canada Contest | SaltWire Watch on YouTube: “Prelude to the Best Sommelier of Canada Contest | SaltWire” By Niket Nishant, Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were

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Morgan Stanley’s Q3 profit decline amid weak investment banking numbers

Morgan Stanley’s Q3 profit decline amid weak investment banking numbers

Morgan Stanley has faced a setback in its third-quarter profits, primarily due to sluggish dealmaking and a discouraging performance in investment banking. The results sent the bank’s shares plummeting by 6.5 per cent, further exacerbated by smaller inflows into the wealth management division and the absence of announcements regarding the CEO succession.  During the third

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BofA profit beats estimates on interest income, decade high trading revenue

BofA profit beats estimates on interest income, decade high trading revenue

A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 17 (Reuters) – Bank of America’s (BAC.N) third-quarter profits beat Wall Street estimates as it joined other big lenders in earning more on loan interest payments, while

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Citigroup profit beats estimates on investment banking boost, shares rise

Citigroup profit beats estimates on investment banking boost, shares rise

NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) profit was broadly steady and beat third-quarter estimates on Friday as it benefited from a surge in trading revenue and investment banking fees. The bank said its will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of

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Citigroup’s third-quarter profit tops estimates on rise in trading revenue, interest payments

Citigroup’s third-quarter profit tops estimates on rise in trading revenue, interest payments

Open this photo in gallery: The Citigroup Inc logo at the SIBOS banking and financial conference, in Toronto, on Oct. 19, 2017.CHRIS HELGREN/Reuters Citigroup’s C-N third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest payments while undertaking its biggest overhaul in decades. The bank

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