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Financials James Gorman

  • Ted Pick, Morgan Stanley

    Morgan Stanley gave trading chief Ted Pick added responsibilities over investment banking activities, including merger advice, in a sign he is a leading contender to eventually succeed Chief Executive Officer James Gorman.

  • Japan's biggest bank is "consulting with Morgan Stanley's wealth management people about various aspects including product lineup," Saburo Araki, chief executive officer of Mitsubishi UFJ Morgan Stanley Securities Co Ltd, said in an interview. Faced with ultra-thin profit margins in Japan's traditional lending business, MUFG has made wealth management a...

  • NEW YORK, June 12- Morgan Stanley Chief Executive Officer James Gorman said on Tuesday that in recent years the bank's fixed-income group has had the greatest opportunity for delivering growth. Speaking at a conference hosted by the Wall Street bank in New York, Gorman said that in 2015, he thought that the fixed income division, one of the bank's smallest, was its "...

  • NEW YORK, June 12- Morgan Stanley Chief Executive Officer James Gorman called the bank's fixed-income group its "most attractive business" on Tuesday at a conference the Wall Street firm held in New York. Last year, the bank set a target to produce $1 billion in quarterly fixed-income revenue, on average, each year. Gorman, who is also chairman of Morgan Stanley, added...

  • MORGAN STANLEY CHIEF EXECUTIVE OFFICER JAMES GORMAN SAYS BANK'S FIXED INCOME GROUP IS' MOST ATTRACTIVE BUSINESS'.

  • PURCHASE, N.Y., May 24- Morgan Stanley shareholders sided with the company's board on all votes taken at their annual meeting on Thursday, electing the slate of directors and endorsing the company's compensation of top executives. Chief Executive Officer James Gorman was paid $27 million for 2017, up 20 percent from the year before. The measure had been proposed...

  • Jeffrey Ubben, CEO of ValueAct Capital Partners

    Big U.S. banks have lower risk and greater structural advantages than at any time in decades, ValueAct Capital Partners wrote in an investor letter explaining why it took a $1.2 billion stake in Citigroup this year.

  • April 18- Morgan Stanley reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong. Trading revenue soared 26 percent to $4.4 billion, topping Morgan Stanleys chief rival, Goldman Sachs Group Inc, in dollar terms.

  • *Q1 EPS $1.45 vs est. April 18- Morgan Stanley tracked arch rival Goldman Sachs in delivering stronger-than-expected results on Wednesday, but sounded a note of caution about the impact of trade tensions and geopolitical concerns on future trading revenue. A 40 percent rise in first quarter profit at the bank was driven by the rise in market volatility since...

  • MORGAN STANLEY CHIEF EXECUTIVE JAMES GORMAN SAYS MARKET HAS UNDERAPPRECIATED BANK'S POTENTIAL IN TRADING.

  • Sales and trading revenue at the United States' sixth biggest bank rose 26 percent in the quarter, driven by strong gains in equities trading. After a subdued 2017, volatility has returned to global financial markets, roiling stocks, bonds, currencies and commodities on fears of a trade war between the United States and China as well as concerns about inflation.

  • The bank's net income applicable to common shareholders rose to $2.58 billion in the first quarter ended March 31 from $1.84 billion a year earlier. On a per-share basis, the company's earnings rose to $1.45 from $1. After a subdued 2017, volatility has returned to the markets, roiling stocks, bonds, currencies and commodities on fears of a trade war between the...

  • NEW YORK, April 6- Morgan Stanley Chief Executive James Gorman's overall pay rose 20 percent to $27 million last year during a period that saw the firm's net revenues rise 10 percent and pre-tax profit margin rise 18 percent, according to bank filings released on Friday. Gorman's pay was below that of JPMorgan Chase& Co Chief Executive Jamie Dimon, who made $29.5...

  • Electronic signage at the headquarters of Morgan Stanley in New York.

    A top Morgan Stanley broker was repeatedly accused of violence against ex-wives and girlfriends. Bank managers were told. But he kept his job.

  • *Saudi Arabia to sign a memorandum agreement with Boeing. NEW YORK, March 27- Saudi Arabia will sign a non-binding agreement with Boeing Co for the U.S. planemaker to provide support and training to the kingdom's fleet, the chairman of the state-owned military industrial company said on Tuesday. With Saudi Arabia intending to localize 50 percent of its military...

  • JPMorgan Chase& Co CEO Jamie Dimon was paid $29.5 million, a 5.4 percent increase; while Morgan Stanley CEO James Gorman's compensation saw an increase of 20 percent to $27 million. Goldman's chief operating officer, David Solomon, was paid $16.4 million in total compensation. The bank said on Thursday Harvey Schwartz, co-chief operating officer, would retire,...

  • NEW YORK, March 20- Morgan Stanley is starting to see some wealth management customers bring assets into the bank that they had held at other firms, President Colm Kelleher said on Tuesday. Morgan Stanley's retail investors have put most of their cash balances at the bank to work in the market, and are bringing more money into those accounts, Kelleher said at a...

  • NEW YORK, March 7- Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. "The biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC. Gorman added that he is not looking to hire Gary Cohn, a top economic adviser to Trump, who is leaving the...

  • NEW YORK, March 7- Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that President Donald Trump is to expected to formally sign off on later this week are a "bad idea." The "biggest issues this country faces are not trade deficits, they're fiscal deficits," Chief Executive Officer James Gorman told CNBC, adding that he was "...

  • Morgan Stanley's Gorman: Markets screaming for turmoil

    CNBC's Wilfred Frost talks to Morgan Stanley's Chairman & CEO James Gorman from the company's executive women's conference in New York. Gorman talks about women in management, Gary Cohn's resignation and the impact of tariffs.