Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.
Key Takeaways A TikTok ban could go into effect in the U.S. on Sunday, leaving other companies to compete for its users’ attention and almost $10 billion in ad revenue.Meta could be the biggest winner given its large user base said analysts at Morgan Stanley.
Morgan Stanley is kicking off the new year with the creation of a new division—Integrated Firm Management—and put company veteran Mandell Crawley in charge. Crawley was most recently the head of human resources.
Morgan Stanley (MS) reports its highest quarterly revenue in over 15 years, driven by strong performance in Wealth and Investment Management, while navigating geopolitical and regulatory hurdles.
Morgan Stanley easily beat fourth-quarter profit and revenue estimates on strong equity trading and IPO activity.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Morgan Stanley’s traders beat analysts’ estimates in the fourth quarter, joining their other Wall Street rivals in reporting a strong end to the year on volatility tied to the US elections and economic data in the final months of 2024.
Morgan Stanley said its profit more than doubled in the fourth quarter, fueled by its investment banking and trading businesses. Profit surged 145% to $3.71 billion. That amounted to $2.22 per share,
Shares of Morgan Stanley gained in early trading Thursday, after the bank and broker beat both profit and revenue expectations for the latest quarter, fueled by strength in the equity and bond trading businesses.
If the rise of Donald Trump has taught us anything about politics, it’s to expect the unexpected – but with his second term as President just a
BofA analyst Ebrahim Poonawala raised the firm’s price target on Morgan Stanley (MS) to $153 from $146 and keeps a Buy rating on the shares
Morgan Stanley reported robust earnings surpassing market expectations, powered by significant gains in revenue and income.