NEW YORK— Morgan Stanley's earnings soared 62 percent in the third quarter, thanks to big gains in bond trading. Like its major competitor Goldman Sachs, and other major banks like JPMorgan Chase, Morgan Stanley had a strong quarter on its trading desks, particularly bond trading. Morgan Stanley's investment bank and trading division reported revenue of $4.6...
Dick Bove, Rafferty Capital, shares his thoughts on the power of the Federal Reserve.
Dodd-Frank has had a staggeringly bad effect on the banking industry, says Dick Bove, Rafferty Capital sharing his thoughts on how regulations are impacting the financial sector.
CNBC's Wilfred Frost breaks down Morgan Stanley's quarterly numbers which posted EPS of $0.81 on revenues of $8.909 billion.
TOKYO— Global shares were mixed on Wednesday as European investors awaited the outcome of the latest regional central bank meeting. KEEPING SCORE: Germany's DAX fell 0.2 percent to 10,614.29 and the FTSE 100 in Britain lost 0.3 percent to 6,982.13. EDGY IN EUROPE: The European Central Bank head Mario Draghi is to give a news conference Thursday where investors...
Earnings news could drive stocks Wednesday with several dozen S&P 500 companies reporting and a potential end to the earnings recession in sight.
The "Fast Money" traders discuss whether recent better-than-expected earnings justify today's market rally.
Stocks closed higher on Tuesday, helped by stronger-than-expected quarterly reports and after mixed inflation data.
Major bank earnings have topped expectations, helped primarily by post-Brexit market volatility that spurred a surge in bond trading.
Stocks closed lower as investors digested a number of corporate results, key economic data and remarks from a key Fed official.
Big banks' earnings have so far beaten expectations, but impending volatility in European banks could have spillover effects.
Corporate earnings, economic reports and Fed speakers could all challenge markets, but so might the election.
ZTO Express has set terms for what could be the largest U.S. IPO this year and also the biggest by a Chinese company after Alibaba in 2014.
Bank stocks rose on the back of stronger-than-expected quarterly results from three major U.S. banks.
Technology companies are rising as investors were pleased with economic reports from the U.S. and China. CHINA INFLATION: Reports suggested consumers in China are starting to spend more, while the national producer price index, which measures inflation, rose for the first time since 2012. That could result in factories in China starting to pass rising costs to...
Wells Fargo has served Wall Street a warning about venturing onto Main Street, Reuters Breakingviews reports.
Cam Fine, Independent Community Bankers of America, discusses Wells Fargo's management change, and why splitting chairman & CEO positions means stronger governance for banks.
WASHINGTON— Federal Reserve releases industrial production for September, 9:15 a.m.. Bank of America Corp. reports quarterly financial results before the market opens. WASHINGTON— Labor Department releases Consumer Price Index for September, 8:30 a.m.; National Association of Home Builders releases housing market index for October, 10 a.m.; Treasury...
Snapchat's money all comes from advertising, but future investors have to consider that they're also buying a hardware company.
Financial technology start-up Affirm announced on Thursday that it had raised a $100 million credit line from Morgan Stanley.