Morgan Stanley on Wednesday said its third-quarter profit fell 10% amid weakness in its investment banking business, but its trading and asset management revenue rose.
Morgan Stanley’s stock fell 4.4% in the third quarter in a choppy period for bank stocks overall. The stock is down just under 10% in the past month, compared with 1.9% drop by the S&P 500 SPX.Asset management revenue increased by 6% to $5.03 billion, while investment banking revenue dropped 24% to $1.05 billion.
During the past month, 11 analysts cut their profit estimates for Morgan Stanley and only one increased their view.
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »