Morgan Stanley announced on Friday that its net revenue in the first quarter of the fiscal year 2025 saw an annual rise of 17.2% to hit $ 17.7 billion. The bank's net income increased by 26.5% compared to the same period the year before to reach $4.3 billion. Its diluted earnings per share (EPS) grew by...
Levi Strauss & Co., Delta Air Lines, and major US banks are set to release their earnings this week, offering insight into the start of the first-quarter reporting season. This will be the first batch of earnings since the Trump administration announced the implementation of tariffs, providing a glimpse...
Shares of companies from the banking and financial sector in the United States lost ground on Friday after the Trump administration imposed reciprocal tariffs on a wide range of countries, raising US recession concerns.The day before, Fitch Ratings warned that tariff policy significantly increases the risk...
United Kingdom's Competition and Markets Authority (CMA) revealed on Friday in a statement that it reached a settlement with four banks regarding the gilt case.After an investigation, the CMA found that Citigroup Inc., Deutsche Bank AG, HSBC Holdings Plc, Morgan Stanley, and Royal Bank of...
Morgan Stanley CEO Ted Pick mentioned on Thursday that his bank is planning to engage in further collaboration with the new Treasury Department and other regulators to find safer ways to offer transactions using cryptocurrencies."For us, the equation is really around whether we, as a highly...
Morgan Stanely declared on Thursday that its net revenue for the fourth quarter of fiscal 2024 surged 25% to $16.2 billion. On an annual basis, the company posted a record net revenue of $61.8 billion with a net income of $13.4 billion.According to the report, in the three months to December 31,...
The upcoming week promises an action-packed Wednesday, with all eyes on JPMorgan's fourth-quarter results. The company's managed revenue in the third quarter of fiscal 2024 came in at $43.3 billion, rising 6% on an annual basis.
Investors will also be looking at BlackRock, Wells Fargo, Goldman...
The world's richest man and xAI CEO, Elon Musk, championed the company's artificial intelligence chatbot on Tuesday following the announcement that Series C secured funding of $6 billion."Grok can recognize and explain almost any image, from medical records to WW2 aircraft to memes," Musk...
Shortly after the stock market opened on Wednesday, shares of major banking institutions surged in response to the re-election of Donald Trump as the 47th President of the United States, marking his return to the White House following his previous tenure as the 45th President.At 9:42 am CET, Wells...
OpenAI and its biggest investor Microsoft Corp. have hired investment banks to help with OpenAI's alleged transition to a for-profit company, the Wall Street Journal reported on Friday. According to people familiar with the matter, OpenAI is advised by Goldman Sachs, while Microsoft is working with...
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