Morgan Stanley earnings fall 10% but beat lowered Wall Street expectations

📆 18.10.2023 15:05:00
📰 MarketWatch

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Trading revenue rises 10%, but investment banking remains weak amid a dearth of deals

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.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Morgan Stanley Profit Tops Wall Street Expectations Amid 'Mixed' Market EnvironmentThird-quarter profit at the investment bank slides 8% to $2.4 billion.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »