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Morgan Stanley's wealth business slowdown overshadows profit beat
StreetInsider· 22 hours agoThe bank's wealth business had flourished under former CEO James Gorman, generating more stable revenue than more volatile market-sensitive businesses such as investment banking and trading. It aims to manage $10 trillion in client assets.
Morgan Stanley ( MS ) Earnings Q2 2024
The Compass· 23 hours agoMorgan Stanley co-chairman Ted Pick speaks during a Bloomberg Television interview in New York, U.S., Thursday, Oct. 26, 2023. Geena Moon | Bloomberg |
Bank of America leans on Wall Street as high rates pose challenges to Main Street operations
AOL· 23 hours agoSecond quarter profits at Bank of America (BAC) fell 7% from a year ago as its consumer operations wrestled with higher interest rates, but it was able to churn out more investment banking fees ...
Bank of America leans on Wall Street as high rates pose challenges to Main Street operations
Yahoo Finance· 23 hours agoSecond quarter profits at Bank of America fell 7% from a year ago as its consumer operations...
Morgan Stanley's investment banking soars on deal outlook, but weaker wealth weighs
StreetInsider· 23 hours agoBy Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley's second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking that was offset by muted growth in wealth management....
Bank of America’s second-quarter profit falls on shrinking interest income
The Globe and Mail· 1 day agoBank of America’s BAC-N profit fell in the second quarter as its income from interest on loans...
India’s Vedanta Seeks $1 Billion in Upsized Share Placement
Bloomberg via Yahoo Finance Canada· 1 day ago(Bloomberg) -- Vedanta Ltd., the Indian mining company controlled by billionaire Anil Agarwal, is...
Hugo Boss Plunges After Slashing Outlook on China, UK Demand
Bloomberg via Yahoo Finance Canada· 1 day ago(Bloomberg) -- Hugo Boss shares plunged to their lowest level since 2021 after the company slashed...
Bankers Chase More M&A in Malaysia Amid Stock Market Rally
Bloomberg via Yahoo Finance Canada· 1 day ago(Bloomberg) -- In a tough year for dealmaking in the Asia-Pacific, Malaysia is proving to be a...
Bankers Chase More M&A in Malaysia Amid Stock Market Rally
Financial Post· 1 day agoThe volume of mergers and acquisitions has surged 87% from a year ago to $8.3 billion, while APAC as...