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Financials James Gorman

  • James Gorman: On track to hit our 2017 goals

    James Gorman, Morgan Stanley CEO, talks about the impact of higher rates on the bank's business. It clearly helps in the net income, say Gorman.

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise...

  • NEW YORK, Jan 17- Morgan Stanley inked deals with 10 technology outfits last year to improve the products and services it offers wealth-management customers, the bank said on Tuesday. Although the tools will not necessarily generate fees, they will help financial advisers do their jobs better, Morgan Stanley Chief Executive James Gorman said.

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise...

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it is on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise election...

  • NEW YORK, Jan 17- Morgan Stanley's wealth management business signed deals with 10 new digital partners last year, Chief Executive James Gorman said during a call on Tuesday with analysts to discuss the bank's fourth-quarter earnings. Unlike some of its Wall Street peers who have announced partnerships with automated investment tools called "robo-advisors,"...

  • Jan 17- Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it is on track to reach a number of financial goals set out by Chief Executive James Gorman. Morgan Stanley's trading results echoed those of JPMorgan Chase& Co and Bank of America Corp last week, driven by Donald Trump's surprise election...

  • Jan 17- Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election. Earnings applicable to common shareholders soared to $1.51 billion in the fourth quarter from $753 million a year earlier, while earnings per share increased to 81 cents from...

  • Jan 17- Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election. Earnings applicable to the bank's common shareholders soared to $1.51 billion in the three months ended Dec. 31 from $753 million a year earlier, while earnings per share...

  • Oct 28- Morgan Stanley Chief Operating Officer Jim Rosenthal will retire at the end of the year, according to an internal memo sent to employees by CEO James Gorman on Friday. Rosenthal, who helped oversee the integration of Morgan Stanley with Smith Barney, will continue to serve as a senior adviser at the Wall Street firm, the memo said. A Morgan Stanley spokesman...

  • Oct 26- Morgan Stanley said on Wednesday it would allow its wealth management clients to choose the way they pay the firm for retirement accounts covered by a new fiduciary rule. The Department of Labor rule, announced in April, sets a standard for brokers who sell retirement products and requires them to put clients' best interests ahead of their own bottom line.

  • Oct 25- Morgan Stanley Chief Executive Officer James Gorman questioned the need for U.S. companies to report earnings every quarter, calling the practice "asinine." "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 and JPMorgan Chase& Co CEO Jamie Dimon who have called on...

  • 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...