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Added on the 19/10/2016 16:17:43 - Copyright : Reuters EN
A surge in trading revenue pumped up Morgan Stanley's quarterly profit 60 percent. Fred Katayama reports.
Happy Saturday! Big bank earnings season was in full swing this week. From top execs laying out the rationale behind dealmaking to shedding some light on their plans for the future of the physical office, here are some of this quarter's highlights: Morgan Stanley's CEO explains why the bank's $7 billion bid for Eaton Vance makes sense even with such a high price tag: 'I'm not ashamed to say it's fully priced' JPMorgan and BlackRock are both looking to do M&A.
Morgan Stanley's third quarter profits plunged as trading revenue slumped amid concerns about interest rates and China. Jeanne Yurman reports.
Quarterly revenue at the investment bank fell in each of its main businesses. But the results easily beat Wall Street's lowered targets. Fred Katayama reports.
A slowdown in trading and investment banking helped more than halve Morgan Stanley's profit. Fred Katayama reports.