Morgan Stanley plans to start cutting about 50 investment-banking jobs in the Asia-Pacific region this week, with at least 80% of the reductions in Hong Kong and China, people familiar with the matter said.
Morgan Stanley's first-quarter earnings showed a pickup in investment banking. Overall profit increased 14% from one year earlier, to $3.4 billion. That amounted to $2.02 a share, beating the $1.65 expected by analysts.
HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said. The Asia-focused lender started the layoffs on Tuesday in the region,
Morgan Stanley said federal inquiries about its efforts to monitor the background of its wealth management clients aren’t new, and that the bank has already accounted for the costs of fixing its related processes.
Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump in China markets.
Morgan Stanley’s traders delivered first-quarter revenue that exceeded expectations as its wealth management juggernaut also got back on track — both handing a key win for its new leader Ted Pick.
Morgan Stanley is committed to its wealth management strategy, top executives said Tuesday, days after The Wall Street Journal reported that the unit is [facing several regulatory probes](
Morgan Stanley is cutting around 50 investment banking jobs in the Asia-Pacific region due to a deals slump, sources with knowledge of the matter said. Investment bankers based in Hong Kong and mainland China are going to be affected the most,
Key Takeaways Morgan Stanley's first-quarter profit soared as revenue from investment banking, wealth management, and trading grew.Equity underwriting revenue more than doubled on increased IPO activity.
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%. Investment banking revenue climbed 16% from a year earlier.
Morgan Stanley on Tuesday posted results that topped analysts' estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here's what the company reported: Earnings: $2.
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 1.8%. Investment banking revenue climbed 16% from a year earlier.
With business outlooks hindered by a dealmaking drought and sluggish market conditions in China, Morgan Stanley (NYSE:MS) is planning to axe about 50 investment-banking staffers in the Asia-Pacific region,
Morgan Stanley's first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking led by equity underwriting where revenue more than doubled, sending its shares up 3.8% before the bell.
Investors on Wall Street were bullish on Morgan Stanley after the investment banking giant reported first-quarter profits that blew away analyst forecasts on Tuesday — the first full quarter under newly installed CEO Ted Pick.
Morgan Stanley's profit rose in the first quarter, lifted by a resurgence in investment banking. The Wall Street bank on Tuesday reported net income of $3.4 billion, or $2.02 per diluted share, in the three months ended March 31.
HSBC financial services company is reportedly slashing more investment banking jobs in its Asian operations. It may axe dozens of additional jobs as deals in the region are sinking. Reuters reported that sources
More than 40 of the 50 jobs the Wall Street firm plans to cut will be from Hong Kong and mainland China. Morgan Stanley joins a host of banks that have laid off bankers this year.
Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while,
Morgan Stanley beat Q1 expectations driven by investment banking and trading, improved efficiency ratio, and dividend payout. Click for our MS earnings update.
Ted Pick, Chief Executive Officer, said, "In the first quarter of 2024 Morgan Stanley generated net revenues of $15 billion and earnings of $2.02 per share for a 20% return on tan
Morgan Stanley (NYSE:MS) declares $0.85/share quarterly dividend, in line with previous. Forward yield 3.91% Payable May 15; for shareholders of record April 30; ex-div April 29. See MS Dividend Scorecard,
Q1 GAAP EPS of $2.02 beats by $0.36. Revenue of $15.1B (+4.0% Y/Y) beats by $710M. ROTCE of 19.7% More on Morgan Stanley Morgan Stanley Q1 Preview: Massive AI Savings Morgan Stanley: Preferred Shares Offer A 7% Yield Morgan Stanley (MS) Annual Morgan Stanley European Financials Conference