In the first quarter, Morgan Stanley increased its net profit by 38% in annual terms to 2 billion 668 million dollars. Quarterly revenues amounted to 11 billion 77 million dollars, increased by 14%. Analysts had expected the figure at 10 billion 360 million dollars. Strong performance in all major business segments and regions contributed to the record growth in the net profit and earnings of the US bank. Revenue from operations with shares increased by 30%, from operations with assets with fixed yields - by 12%. Revenues from investment banking services increased by 7%. In the sphere of asset management of wealthy clients, revenue growth was 8%, in the investment management segment - 18%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...