Morgan Stanley has floated its way to the top. James Gorman’s bank reported its best-ever quarter for its core business, wealth management, buoyed by a huge client base investing in stock markets that just doesn’t seem to ever go down. Morgan Stanley reported $4.4 billion in revenue from wealth management during the fourth quarter —...

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BING NEWS:
  • Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
    Morgan Stanley’s first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7 per cent.Investment banking revenue ...
    04/16/2024 - 6:01 pm | View Link
  • Morgan Stanley's wealth arm under probe by multiple regulators, WSJ reports
    Investment bank Morgan Stanley's wealth management arm is being probed by multiple regulators, the Wall Street Journal reported on Thursday citing people familiar with the matter. The U.S. Securities ...
    04/11/2024 - 7:39 am | View Link
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