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Morgan Stanley's profit rises on volatile markets boost

Morgan Stanley's first-quarter profit rose as its traders cashed in on market volatility that boosted client activity.

Morgan Stanley had more than 80,000 employees worldwide at the end of last year

Morgan Stanley to lay off 2,000 workers to trim costs

Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter has told Reuters.

Business • 19 Mar

Citi, HSBC, Morgan Stanley and Royal Bank of Canada are to pay fines totalling over £100m for exchanging sensitive information about UK government bonds

UK fines four banks £100m for bond information exchange

Britain's competition regulator has fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada a combined £104.5m for exchanging sensitive information about UK government bonds.

Business • 21 Feb

Morgan Stanley said its investment banking revenue rose 25% to $1.64 billion in the fourth quarter of last year

Morgan Stanley profit up on investment banking recovery

Morgan Stanley's profit increased in the fourth quarter, fueled by a wave of dealmaking and stock sale by the investment bank.

Business • 16 Jan

Walt Disney has named Morgan Stanley veteran James Gorman as its new chairman

Disney names Morgan Stanley's James Gorman as chair

Walt Disney has today named Morgan Stanley veteran James Gorman as chairman and said it would announce a new CEO to replace Bob Iger in early 2026, setting the stage for succession at the storied media and entertainment company.

Business • 21 Oct 24

Investment bank Morgan Stanley has reported a profit of $3.19 billion for the three months ended September 30

Morgan Stanley's profit jumps on recovery in dealmaking

Morgan Stanley said today that its third-quarter profit surged 32%, fueled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up 3% before the market open.

Business • 16 Oct 24

Morgan Stanley said its net income rose to $3.1 billion in the three months ended June 30, compared with $2.2 billion a year earlier

Morgan Stanley's profit up as investment banking recovers

A resurgence in investment banking helped Morgan Stanley's profit beat Wall Street expectations for the second quarter, but weakness in its key wealth business sent the bank's shares nearly 3% lower before the bell today.

Business • 16 Jul 24

The bank's stock has risen more than 12% in the past year.

AI could save financial advisers 10-15 hours a week

The use of artificial intelligence (AI) could save Morgan Stanley's financial advisers between 10 and 15 hours a week, the bank's CEO Ted Pick told investors at a conference yesterday.

Business • 11 Jun 24

James Gorman is credited with transforming Morgan Stanley into a wealth management powerhouse

Morgan Stanley chairman Gorman to step down in December

Morgan Stanley's executive chairman James Gorman told the bank's annual shareholder meeting yesterday that he would step down on December 31.

Business • 24 May 24

Mike Ashley's Frasers Group has withdrawn its case against Morgan Stanley

Morgan Stanley, Frasers settle lawsuit over margin call

UK retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said today.

Business • 03 May 24

Morgan Stanley today reported net income of $3.4 billion in the three months to March 31, up from $3 billion a year earlier

Morgan Stanley profit up as investment banking recovers

Morgan Stanley's profit rose in the first quarter, lifted by a resurgence in investment banking led by equity underwriting where revenue more than doubled.

Business • 16 Apr 24

Morgan Stanley's UK headquarters in London's Canary Wharf

Morgan Stanley commits to Canary Wharf until 2038

Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

Business • 03 Apr 24

Frasers boss Mike Ashley has accused Morgan Stanley of snobbery

Morgan Stanley forced Frasers off books with margin call

Morgan Stanley used an "unrealistic" and "inappropriate" near $1 billion margin call to force trades held by retail tycoon Mike Ashley's Frasers group off its books partly out of snobbery, London's High Court has been told.

Business • 22 Feb 24

Morgan Stanley is among the US banking giants that are paying special fees to replenish a deposit insurance fund that was drained by almost $16 billion after the collapse of two regional lenders last year

Morgan Stanley revenue beats on dealmaking rebound

Morgan Stanley's revenue beat fourth-quarter expectations today, helped by a rebound in dealmaking activity.

Business • 16 Jan 24

Morgan Stanley's new CEO has promised to stick to the blue chip Wall Street firm's strategy

Morgan Stanley's Pick to take helm as CEO from Gorma

Morgan Stanley's Ted Pick won the race to succeed long-time CEO James Gorman and has promised to stick to the blue chip Wall Street firm's strategy as it navigates a deal-making slump and uncertain economic outlook.

Business • 26 Oct 23

Morgan Stanley's profit dropped about 9% to $2.4 billion

Morgan Stanley's profit down less than expected

Morgan Stanley's third-quarter profit dropped less than expected as a strong performance in the bank's wealth management division offset a hit from lethargic dealmaking.

Business • 18 Oct 23

Morgan Stanley & Co International was fined for not recording and retaining electronic communications relating to trading wholesale energy products

UK's Ofgem fines Morgan Stanley & Co £5.4m

Ofgem has fined US banking giant Morgan Stanley more than £5.4m after its energy traders communicated via private WhatsApp discussions.

Business • 23 Aug 23

Morgan Stanley's wealth management unit reported record net revenue of $6.7 billion for the second quarter

Morgan Stanley profit down 18% as deal doldrums persist

Morgan Stanley's srofit slipped 14% in the second quarter from a year earlier as a dealmaking slump continued, while trading in stocks and bonds slumped.

Business • 18 Jul 23

Morgan Stanley said that rising revenue from its wealth management division offset declines in its investment banking and trading units

Morgan Stanley Q1 profit beats estimates

Morgan Stanley's first-quarter profit beat expectations as rising revenue from its wealth management division offset declines in its investment banking and trading units.

Business • 19 Apr 23

The collapse of SVB is part of the 'battle between fire and ice' in global efforts to curb inflation, Morgan Stanley co-president Edward Pick said

SVB a casualty in inflation battle, bankers hear

The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the "battle between fire and ice" in global efforts to curb inflation after years of cheap money, Morgan Stanley co-president Edward Pick said today.

Business • 14 Mar 23

Morgan Stanley said its trading business got a boost from market volatility

Morgan Stanley beats quarterly profit estimates

Morgan Stanley has today reported a smaller-than-expected 41% drop in fourth-quarter profit as the bank's trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.

Business • 17 Jan 23

Morgan Stanley said its net revenue in the third quarter fell 12% to $13 billion

Morgan Stanley profit falls as deals drought extends

Morgan Stanley has today reported a drop in third-quarter profit, as a slowdown in global dealmaking hurt the investment bank's core underwriting business, sending shares down 3% before the bell.

Business • 14 Oct 22

Morgan Stanley said that revenue from investment banking plunged 55% in the second quarter of 2022

Morgan Stanley profit slumps 30% as dealmaking stalls

Morgan Stanley's profit slumped 30% today, falling short of analysts' estimates for the first time in nine quarters, as its investment banking business struggled to cope with a slump in global dealmaking.

Business • 14 Jul 22

Morgan Stanley CEO says no plan to retire soon

Morgan Stanley chief executive officer James Gorman told shareholders during the bank's annual general meeting yesterday that he does not plan to retire soon, and added that he puts the chances of a US recession at less than 50%.

Business • 27 May 22

The Wall Street investment banking powerhouse posted huge annual profits on the back of a record-breaking year for mergers and acquisitions

Morgan Stanley posts higher profit on M&A boom

Morgan Stanley beat quarterly profit expectations today by capitalising on a boom in dealmaking and earning robust fees from managing assets for wealthy clients, sending the shares of the Wall Street investment bank up 5%.

Business • 19 Jan 22