Morgan Stanley fell 2.6% in premarket trades Friday after the investment bank missed Wall Street's targets for earnings and revenue amid a drop in deal activity. Morgan Stanley said its third-quarter net income fell to $2.49 billion, or $1.47 per share, from net income of $3.7 billion, or $1.98 per share in the year-ago quarter. Third-quarter revenue dropped to $12.99 billion from $14.75 billion. Wall Street analysts were looking for earnings of $1.52 a share and revenue of $13.
Morgan Stanley said its third-quarter net income fell to $2.49 billion, or $1.47 per share, from net income of $3.7 billion, or $1.98 per share in the year-ago quarter. Third-quarter revenue dropped to $12.99 billion from $14.75 billion. Wall Street analysts were looking for earnings of $1.52 a share and revenue of $13.29 billion, according to FactSet data.
Just for the record.....MS did BEAT the earnings estimate ($1.53 actual vs $1.51 estimate).
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morgan Stanley is set to report third-quarter earnings —here’s what the Street expectsWall Street banks are grappling with the collapse in IPOs and issuance this year, a sharp reversal from the deals boom that drove results last year.
Weiterlesen »
Bank earnings, retail sales and more: Friday's 5 things to knowJPMorgan, Wells Fargo, Citigroup and Morgan Stanley will begin earnings season for the major banks on Friday morning. Bank of America froze CatTurd2's account because of his political views.
Weiterlesen »
Report: Kanye West Business Booted from J.P. Morgan Chase BankJ.P. Morgan Chase bank has reportedly severed ties from doing business with controversial rapper Kanye West after he issued several anti-semitic statements on social media. According to conservative activist Candace Owens, who wore a 'White Lives Matter' shirt alongside Kanye at his Paris fashion show, she was given a notice from J.P. Morgan telling Kanye their intention to sever their relationship. Censorship---I think they probably did not like it that he wore a White Lives Matter T-Shirt and used this comment as a reason to shut him down---I will post it then---White Lives Matter!!! fakenews? The correct description is *counter-semitic*
Weiterlesen »