Morgan Stanley revenue tops estimates, but CEO warns of geopolitical, economic risks ahead
Morgan Stanley on Tuesday reported fourth-quarter revenue that surpassed expectations, boosted by the strength in investment banking. Here’s how the…
Goldman Sachs tops revenue estimates on better-than-expected asset management results
Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts’ expectations on better-than-expected asset and wealth management revenue. Here’s what…
Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes
Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities…
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year’s…
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Turkish lira hits fresh record low against the U.S. dollar
The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…
James Gorman talks Disney succession, proxy fight as he gears up to join board
Morgan Stanley CEO James Gorman said Thursday that he’s gearing up to join a succession planning committee at Disney, which…
Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth
Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the…
