Financials James Gorman

  • Oct 25- Morgan Stanley CEO James Gorman questioned the need for companies to report earnings every quarter, calling the practice "asinine." "This is one thing the Brits definitely have figured out with six month reporting," Gorman said on Tuesday at a conference hosted by Bloomberg L.P. in New York. " Gorman joins Wall Street leaders like BlackRock Inc CEO Larry Fink...

  • Oct 19- Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row. Overall, Morgan Stanley's earnings...

  • Oct 19- Morgan Stanley plans to announce in the coming weeks how its wealth-management business will comply with a new U.S. rule intended to protect retirement savers, Chief Executive James Gorman said on Wednesday. Gorman declined to give details, but hinted that providing wealth clients with choice about account options and how they pay the firm is a priority.

  • Oct 19- Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row. Overall, Morgan Stanley's earnings...

  • Oct 19- Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row. Overall, Morgan Stanley's earnings...

  • Oct 19- Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, boosted by a surge in bond trading that followed Britain's surprise vote to leave the European Union and bouts of anxiety about monetary policy around the world. Earnings applicable to shareholders rose 61.7 percent to $1.52 billion from $939 million for the quarter...

  • WASHINGTON, Oct 9- It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week. "It is a game changer, not just for banks but for the whole financial industry," he told an audience from the Institute of International Finance, a trade group for big banks that holds its annual...

  • WASHINGTON, Oct 7- Britain's vote to leave the European Union has made it more likely that the euro zone will not be around in 10 years, JPMorgan Chase& Co CEO Jamie Dimon told bankers on Friday. "Brexit makes the chance of the euro zone not surviving 10 years from now five times higher," Dimon said at the Institute of International Finance's 2016 annual membership...

  • 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.

  • Michael Corbat, CEO of Citigroup at the 2016 World Economic Forum in Davos, Switzerland.

    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.

  • Lloyd Blankfein, Chairman and CEO of Goldman Sachs.

    Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall.

  • James Gorman, chairman and CEO of Morgan Stanley at the 2016 World Economic Forum in Davos, Switzerland.

    Morgan Stanley CEO James Gorman shares his views on the stock market and the economy.

  • James Gordon, chairman and CEO of Morgan Stanley at 2015 WEF in Davos, Switzerland.

    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.

  • An armed member of the Swiss Police watches from the roof of the Hotel Davos ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2015.

    Back on this week, the World Economic Forum in Davos is as big as ever with lofty ambitions to match.