Financials James Gorman

  • Bank consultants say tens of millions of dollars are spent each year on initiatives to build a culture of integrity, partly at the urging of regulators such as the Federal Reserve Bank of New York and the U.S. Office of the Comptroller of the Currency. Wells Fargo's debacle- involving the creation of as many as 2 million accounts without customers' permission- is...

  • New York Stock Exchange

    Big banks are being eyed by activist investors; it could mean more changes to strategy.

  • Mike Mayo

    ValueAct's recently disclosed stake is "great news" for the company, according to CLSA's Mike Mayo.

  • Morgan Stanley headquarters in New York.

    Hedge fund ValueAct took a fresh Morgan Stanley stake, but the activist investors weren't necessarily angling for major changes at the bank.

  • It's getting tougher to be a CEO — if you don't work for one of the giant banks.

  • NEW YORK, July 29- Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens. Clients with less than $750,000 are now considered "mass affluent," meaning they may not get the same service as top customers because their financial needs are...

  • A 'Vote LEAVE' battle bus is re-branded outside the Houses of Parliament in Westminster by the environmental campaign group Greenpeace on July 18, 2016 in London, England.

    When it came to the Brexit vote, Wall Street banks (and traders) assumed the worst. But they may have gotten it wrong.

  • The Wall Street bank reported a lower second-quarter profit on Wednesday, but beat expectations by delivering relatively strong bond-trading revenue and cutting expenses. Chief Executive James Gorman has faced tough questions from analysts about the state of its fixed income, currency and commodities trading unit since taking the helm of the bank in 2010.

  • July 20- Morgan Stanley Chief Executive James Gorman said on Wednesday he has "no clue" how the bank should allocate employees in Europe following Britain's vote to leave the European Union. Having a headquarters in the European Union is important to banks and financial companies as it allows firms in one EU country to provide services to clients elsewhere in...

  • The Wall Street bank reported a lower second-quarter profit on Wednesday, but beat expectations by delivering relatively strong bond-trading revenue and cutting expenses. Chief Executive James Gorman has faced tough questions from analysts about the state of its fixed income, currency and commodities trading unit since taking the helm of the bank in 2010.

  • The Wall Street bank reported a lower second-quarter profit on Wednesday, but beat expectations by delivering relatively strong bond-trading revenue and cutting expenses. Chief Executive James Gorman has faced tough questions from analysts about the state of its fixed income, currency and commodities trading unit since taking the helm of the bank in 2010.

  • The Wall Street bank's net income attributable to common shareholders was $1.43 billion, or 75 cents per share, in the quarter ended June 30, compared with an adjusted $1.69 billion, or 79 cents per share, a year earlier. Analysts on average had expected earnings of 59 cents per share in the latest quarter, according to Thomson Reuters I/B/E/S.

  • July 20- Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses. The bank said its net income attributable to common shareholders was $1.43 billion, or 75 cents per share, in the quarter ended June 30. Morgan Stanley, which is in the midst of a $1 billion...

  • NEW YORK, July 11- Big U.S. banks looking to wealth management to shore up their profits may have to wait for another year according to analysts, who expect market volatility to keep the business subdued throughout 2016.. Now, as banks kick off second-quarter reporting this week, analysts expect more weakness this year, citing uncertainty related to Britain's...

  • NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally exit the EU, and what cities could replace London as New...

  • NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally exit the EU, and what cities could replace London as New...

  • NEW YORK/ LONDON/ FRANKFURT, June 24- Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the region's preeminent financial hub. Even with those plans, huge uncertainties remain about when Britain will formally exit the EU, and what cities could replace London as New...

  • June 14- Morgan Stanley is eyeing quarterly revenue of around $1 billion for its fixed income, currencies and commodities trading unit, Chief Executive James Gorman said on Tuesday. The Wall Street bank is seeing revenues grow in its bond trading business, or FICC, even with reduced headcount, Gorman said, speaking at the bank's U.S. Financials Conference in New...

  • June 14- Morgan Stanley could make quarterly revenue of around $1 billion for its fixed income, currencies and commodities trading unit, Chief Executive James Gorman said on Tuesday. The Wall Street bank is seeing revenues grow in its bond trading business, or FICC, even with reduced headcount, Gorman said, speaking at the bank's U.S. Financials Conference in New...

  • June 14- Morgan Stanley is targeting quarterly revenue of around $1 billion for its fixed income, currencies and commodities trading unit, Chief Executive James Gorman said on Tuesday. The Wall Street bank is seeing revenues grow in its bond trading business even with reduced headcount, Gorman said, speaking at the bank's U.S. Financials Conference in New York.