Morgan Stanley Wealth Management Counterbalance to Investment Banking Fall

Morgan Stanley reported better than expected fourth quarter earnings before the bell Tuesday despite much lower-than-expected revenue from investment banking. MS received record revenues in wealth management business, which includes online trading platform ETrade, were up 6% to more than $6.6bn. MS’s investment-banking group revenues, which now houses Eaton Vance, dropped 17% to $1.5bn but topped analyst estimates of $1.3bn. Morgan Stanley shares, rose 2.92% to $77.00 premarket. The bank set aside $87 million for credit losses, compared with just … Continue reading “Morgan Stanley Wealth Management Counterbalance to Investment Banking Fall”

Big Banks Kick Off Fourth Quarter Earnings Season with Citigroup, JPMorgan, Bank of America and Wells Fargo

America’s big money center banks kick of fourth quarter earnings this week. FactSet expects the ‘Big 7’ to post $28 billion in fourth-quarter profits, which is down 15% from a year earlier. JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC). and Wells Fargo (WFC) reporting Q4 results on Friday. Goldman Sachs (GS) and Morgan Stanley (MS) will report next Tuesday January 17 and PNC Financial Services Group, Inc. (PNC) and Charles Schwab Corp (SCHW) on January 18. Truist … Continue reading “Big Banks Kick Off Fourth Quarter Earnings Season with Citigroup, JPMorgan, Bank of America and Wells Fargo”

Morgan Stanley Investment Banking Drags Down Earnings

Morgan Stanley reported worse than expected third quarter earnings before the bell Friday with much lower-than-expected revenue from investment banking. MS’s investment-banking group did $1.28 billion in revenue in the third quarter, down 55% from a year earlier. Revenue from Morgan Stanley’s trading business rose slightly, with fixed income surging 33%. Interest income in its wealth-management business rose to $2 billion. Morgan Stanley shares, already down 19% this year fell 2.92% to $77.00 premarket. $MS released earnings ahead of major … Continue reading “Morgan Stanley Investment Banking Drags Down Earnings”

Morgan Stanley Earnings in an Accelerating Credit Cycle

Morgan Stanley report third quarter earnings before the bell Friday with lower-than-expected revenue from investment banking likely. $MS release earnings ahead of major competitor Goldman Sachs and four of the largest U.S. lenders JP Morgan, Wells Fargo, Citigroup and PNC. Last quarter Morgan Stanley’s trading segment helped out as fixed-income revenue surged amid heightened volatility and clients repositioning their books as interest rates surged higher across the curve. Morgan Stanley NYSE: MS Reported Before Open Friday $1.52 EPS AND $13.24 … Continue reading “Morgan Stanley Earnings in an Accelerating Credit Cycle”

Morgan Stanley Investment Banking Hit by Capital Markets Seizing Up

Morgan Stanley reported worse than expected second quarter earnings before the bell Thursday on lower-than-expected revenue from investment banking. $MS released earnings ahead of major competitor Goldman Sachs and four of the largest U.S. lenders Wells Fargo, Citigroup and PNC. Morgan Stanley’s trading segment helped out as fixed-income revenue surged amid heightened volatility and clients repositioning their books as interest rates surged higher across the curve. Morgan Stanley NYSE: MS Reported Before Open Thursday $1.39 Missed $1.57 EPS AND $13.3 … Continue reading “Morgan Stanley Investment Banking Hit by Capital Markets Seizing Up”

Federal Reserve Gives All Banks a Pass in Annual Bank Stress Test

The Federal Reserve released its annual bank stress test after the market close Thursday. All 34 large banks tested remained well above their risk-based minimum capital requirements, and the Fed announced no restrictions relating to dividends and buybacks. With the dismal state of the economy through soaring inflation and record low consumer sentiment these tests were keenly watched. Banks suffered slightly more hypothetical losses in the 2022 severe test than last year, posting $612 billion in projected losses as capital … Continue reading “Federal Reserve Gives All Banks a Pass in Annual Bank Stress Test”

Morgan Stanley Advisory Revenue Nearly Doubled Offsetting Weakness in Underwriting

Morgan Stanley reported better than expected first quarter earnings before the bell Thursday on stronger-than-expected advisory revenue and equity income trading up 10%. $MS release follow major competitor Goldman Sachs and four of the largest U.S. lenders Wells Fargo, Citigroup and PNC reporting mixed results. Morgan Stanley’s wealth management division continues to drive of consistent results, Morgan Stanley NYSE: MS Reported Before Open Thursday $2.01 Beat $1.91 EPS AND $14.5 Billion Missed $14.56 Billion Forecast in Revenue MS Q1 2022 … Continue reading “Morgan Stanley Advisory Revenue Nearly Doubled Offsetting Weakness in Underwriting”

Morgan Stanley Revenue Increased in Wealth Management and Investment Management

Morgan Stanley reported better than expected fourth quarter earnings before the bell Wednesday on stronger-than-expected wealth management and investment banking results. $MS was the last of the big banks to post fourth-quarter results following major competitor Goldman Sachs (GS), and four of the largest U.S. lenders Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results. Trading activity has been weak across the board.    Morgan Stanley NYSE: MS Reported Before Open Wednesday $2.01 Beat $1.91 EPS AND $14.5 … Continue reading “Morgan Stanley Revenue Increased in Wealth Management and Investment Management”

Morgan Stanley Dealmaking Expected To Continue To Pump Profits

Morgan Stanley report third quarter earnings before the bell Thursday with eyes on trading and investment banking results. The boom in SPAC-issuance has been a boon in fees for for $MS. Bank of America, JPMorgan Chase, Wells Fargo  PNC Financial, Goldman Sachs and Citigroup reporting this week

Morgan Stanley Dealmaking and Trading Drive Record Profits

Morgan Stanley reported better than expected first quarter earnings before the bell Fridayon stronger-than-expected trading and investment banking results. The boom in SPAC-issuance has been a boon in fees for for $MS.Bank of America, JPMorgan Chase, Wells Fargo  PNC Financial, Goldman Sachs and Citigroup reporting.