Morgan Stanley plans to buy more wealth and asset management businesses and is keeping an eye on potential targets, CEO James Gorman said on Wednesday.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Morgan Stanley.
Morgan Stanley (MS) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $2.06 per share a year ago.
U.S. stocks opened lower on Wednesday as investors digested a batch of earnings including results from Morgan Stanley MS, -3.02% and International Business Machines Corp. IBM, -1.64% The S&P 500 SPX,

Morgan Stanley beats earnings estimates

09:07am, Wednesday, 19'th Apr 2023
CNBC's Kristina Partsinevelos reports on Morgan Stanley's quarterly earnings results.
Morgan Stanley (NYSE:MS) has reported lower first-quarter revenue and earnings that still beat market expectations as its investment banking division saw less activity in what the bank described in i
The bank said investment banking revenue declined 24% for the latest quarter, following similar drops at other big banks.
Markets prepared for a slightly lower open on Wednesday morning. ASML reported a big recovery from a year-ago slump, but investors are nervous about the semiconductor industry more broadly.
Morgan Stanley reported wealth management net revenue for the first-quarter that exceeded average estimates, while FICC sales and equity trading revenue also came in above expectations. Bloomberg's So

Morgan Stanley Profit Falls on Deal-Making Drought

08:08am, Wednesday, 19'th Apr 2023
The bank said first-quarter profit fell 19% from a year ago, dragged down by a continued slowdown in deal making.

Morgan Stanley stock falls despite earnings beat

07:52am, Wednesday, 19'th Apr 2023
Morgan Stanley MS, +0.63% stock fell 1.9% in premarket trades Wednesday after the investment bank reported lower net income and revenue that beat consensus estimates. Morgan Stanley's first-quarter pr
Morgan Stanley gets most of its revenue from wealth and investment management, steadier businesses that helped offset volatile trading and advisory results.
Morgan Stanley's first-quarter profit fell as its mainstay investment banking business remained under pressure due to a prolonged slump in dealmaking.
Investors were cautious ahead of another batch of U.S. earnings that include Tesla Inc, Morgan Stanley and International Business Machines Corp.
Netflix issues a disappointing second-quarter outlook, Tesla will report earnings after the stock market closes Wednesday, and regional bank Western Alliance says deposits have stabilized.
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