Morgan Stanley, which has been Wall Street's most aggressive acquirer with $20 billion in takeovers this year, appeared to be firing on all cylinders.
The moves complete Morgan Stanley’s shift from being a firm dominated by traders and investment bankers to one where money management rules.
The industry halted repurchases in March at the onset of the pandemic, and the Fed has capped dividends for most institutions.
Morgan Stanley benefited from one of Wall Street's best trading quarters in years.
The suit is the latest alleging that Wall Street firms have stymied efforts to boost the careers of Black employees.
Morgan Stanley's move is an an early test of whether the financial capital of the world can safely reopen amid the coronavirus pandemic.
After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom.
The discourse among CEOs and elected officials has turned to when the economy can be reopened.
Morgan Stanley warned that a sole bright spot for the financial industry, robust trading results, may prove to be fleeting.
Gorman, 61, is the first Wall Street CEO to disclose that he has tested positive for the coronavirus.
COVID-19 has infected more than 1,579,600 people around the world as of Thursday, killing at least 94,500 people.
"We don't intend to do any layoffs as a result of COVID-19," PayPal CEO Dan Schulman told CNBC on Tuesday.
Morgan Stanley announced Thursday that it is buying E-Trade for $13 billion in an all-stock deal. Here's what Morgan Stanley's CEO and three others are watching now.
CEO James Gorman said that Morgan Stanley met all of the bank's performance targets.
The company produced $10.1 billion in revenue, a surprise increase amid a difficult quarter for Wall Street, exceeding projections by $500 million.
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.
Morgan Stanley is the sixth biggest U.S. bank by assets, but it has leading businesses in Wall Street arenas like equities trading and mergers advice.
Morgan Stanley generated $2.4 billion in first-quarter profit, or $1.39 per share, versus the $1.17 estimate of analysts surveyed by Refinitiv.
Jim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday.
Big bank CEOs were grilled by Congress for the first time since the financial crisis. Jeffrey Sonnenfeld, Yale School of Management senior associate dean for leadership studies, and former U.S. Senator Heidi Heitkamp join "Squawk Box" with their reaction to the hearing.