Loading interactive chart...
1DInterval:
Date Range
1 min
Advertisement
Morgan Stanley (DWD.DU)
Dusseldorf - Dusseldorf Delayed Price. Currency in EUR
Follow
As of 07:30PM CEST. Market open.
Mountain
Settings
- Yahoo Finance Video
Bank earnings reveal capital markets' 'resurgence': Analyst
Morgan Stanley (MS) and Bank of America (BAC) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America posted revenue of $25.82 billion, surpassing estimates of $25.61 billion, alongside an adjusted EPS of $0.83, beating the $0.77 estimate. Similarly, Morgan Stanley reported revenue of $15.14 billion, outperforming the $14.46 billion estimate, with adjusted EPS of $2.02, exceeding the $1.66 estimate. To provide insights on these results, Argus Research Director of Financial Services Research Stephen Biggar joins Yahoo Finance. According to Biggar, the overarching theme is "a resurgence in capital markets" — a "durable upturn in investment banking." Biggar notes that the banks' capital markets-related businesses, such as wealth management, investment banking, and trading, are "doing much better." However, he acknowledges that the lending business and net interest income have "faced some struggles." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
- Yahoo Finance
Wall Street surge lifts Morgan Stanley and new CEO Ted Pick
A Wall Street revival helped Morgan Stanley beat analyst expectations in the first quarter, giving a lift to new CEO Ted Pick.
- Reuters
Wall Street bosses cheer investment banking gains but stay cautious
Wall Street's bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet. Investment banking divisions showed robust growth in the first quarter for the largest U.S. banks, which reported surging revenues and fees. Capital markets led the comeback, executives said.
Advertisement
Advertisement
Advertisement