Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.
The bank may generate $9.99 billion in revenue, including $4.35 billion from wealth management, according to FactSet.
The equities trading desk may produce $2.2 billion in revenue while fixed income could generate $1.32 billion.is set to report second-quarter earnings before the opening bell on Thursday.Earnings: $1.14 a share, 12% lower than a year earlier, according to RefinitivWealth management: $4.
But Morgan Stanley still has a sizeable Wall Street trading and advisory business, and that will likely weigh on the bank's second-quarter results. Morgan Stanley has the biggest stock-trading business among U.S. investment banks. Shares of the firm have climbed 10% so far this year, trailing the KBW Bank Index and competitors including Goldman Sachs and J.P. Morgan Chase.from the Federal Reserve to increase its quarterly dividend to 35 cents a share from 30 cents and repurchase $6 billion in shares.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
ClassPass Expands Into Corporate Wellness, Partnering With Google, Gatorade, And Morgan StanleyGlobal fitness powerhouse ClassPass expands into corporate wellness, partnering with Google, Gatorade, and Morgan Stanley amongst others.
Leer más »
ClassPass Expands Into Corporate Wellness, Partnering With Google, Gatorade, And Morgan StanleyGlobal fitness powerhouse ClassPass expands into corporate wellness, partnering with Google, Gatorade, and Morgan Stanley amongst others.
Leer más »
Tesla is getting China right, Morgan Stanley saysThe Silicon Valley car maker could be on its way to becoming “the” leading luxury EV maker in China, analysts at Morgan Stanley say.
Leer más »
Krista Morgan of P2Binvestor Overcomes Naysayers To Fund Growing Small Businesses
Leer más »
JP Morgan posted an earnings beat, but the bank's stock falls on lowered interest forecastThe impact of the Federal Reserve's looming interest rate cuts appear to have impacted J.P. Morgan's forecast for 2019 net interest income.
Leer más »
Despite Morgan Spurlock’s Sexual Misconduct Confession, ‘Super Size Me 2’ Is Getting a Release DateThe movie was shelved for over a year after the filmmaker published an account of his own sexual misconduct
Leer más »