NEW YORK, April 18- Volatile financial markets took a bite out of earnings at big U.S. banks during the first quarter- not just in trading but wealth management, too. But falling commodity prices, concerns about China's economy and uncertainty about the direction of interest rates created shaky markets last quarter, and led many wealth clients to stay on the...
NEW YORK, April 18- Having searched high and low for revenue growth with little success, Morgan Stanley is taking a hatchet to costs. But even with those steps, analysts grilled Morgan Stanley executives about whether they will be able to hit Chief Executive James Gorman's target of a 9 to 11 percent return-on-equity by 2017. "If Morgan Stanley doesn't get to this...
*Q1 EPS 55 cents vs. est. April 18- Morgan Stanley's trouble growing revenue in weak markets may cause management to take further actions to achieve its financial goals, Chief Executive James Gorman said on Monday. The Wall Street bank's first-quarter profit tumbled by more than half, as trouble in fixed-income markets hurt its trading business and capital...
*Q1 EPS 55 cents vs. est. *Rev $7.79 bln vs. est. April 18- Morgan Stanley's quarterly profit fell by more than half as the Wall Street bank's fixed-income trading and investment banking businesses took a hit from market volatility early in the year.
April 18- Morgan Stanley's quarterly profit more than halved as the Wall Street bank's trading and investment banking businesses took a hit from market volatility early in the year. Earnings applicable Morgan Stanley's common shareholders fell 54.4 percent to $1.06 billion, or 55 cents per share, in the quarter ended March 31, from $2.31 billion, or $1.18 per...
April 8- Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. On top of his salary and other awards, Blankfein is eligible to receive a total of $7 million based on the bank's performance over the next eight years as part of Goldman's long-term...
April 8- Goldman Sachs Group Inc paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. According to the filing, Blankfein's compensation for 2015 included stock awards of $13.9 million and a bonus of $6.3 million. JPMorgan Chase& Co, the biggest U.S. bank by assets, said...
Citigroup raised Chief Executive Michael Corbat's pay by an estimated 27 percent in 2015, a year in which the bank's profit more than doubled.
Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall.
Morgan Stanley CEO James Gorman shares his views on the stock market and the economy.
James Gorman said on CNBC's "Squawk Box" from the World Economic Forum in Davos on Thursday that the Fed should hike interest rates in June.
Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.
"The financial industry has largely lost the public trust," New York Fed President William Dudley said.
Morgan Stanley reported an 87 percent rise earnings as its trading and wealth management businesses benefited from increased client activity.
The JPMorgan CEO sees one thing that could derail the recovery: The $3.2 trillion nonbank financial system, or "shadow banks."
Wall Street likes to call him "Super Mario," and in 2013 the moniker fit in more ways than one.
Morgan Stanley Chairman & CEO James Gorman, said bonds, currencies and commodities are going through a cyclical change.
These are not happy days for big Wall Street financial institutions, and the head of one of them thinks this is effectively the end of an era.
JPMorgan Chase’s board voted to give Jamie Dimon a new pay package worth about $20 million after his pay was cut in half last year, to $11.5 million.
CEOs from major banks met with President Obama on Wednesday and warned of the consequences if lawmakers fail to raise the US debt ceiling.