×

Financials James Gorman

  • Oct 17- All six big U.S. banks reported third-quarter earnings that topped Wall Street estimates as strength in their lending and advisory businesses and gains from higher interest rates helped them cushion a blow from a slump in bond trading. EPS- 88 cents vs est 81 cents Revenue- $9.20 bln vs est $9.01 bln Story- http://reut.rs/2hL5PjC Helped by:.

  • NEW YORK, Oct 17- Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. "This is the goal: that we're not as reliant on sales and trading businesses," Morgan Stanley Chief Financial...

  • NEW YORK, Oct 17- Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. "This is the goal: that we're not as reliant on sales and trading businesses," Morgan Stanley Chief Financial...

  • Revenue from the bank's wealth business rose 8.7 percent to $4.22 billion and generated pretax margin of 26.5 percent, above Chief Executive James Gorman's target range of 23-25 percent. The results provided some evidence of what management has been promising for nearly nine years: the decision to buy Smith Barney at the height of the 2007-2009 financial...

  • The bank's wealth management revenue rose 8.7 percent to $4.22 billion- its highest ever, while investment banking revenue rose 12.7 percent to $1.38 billion. "Our third quarter results reflected the stability our wealth management, investment banking and investment management businesses bring when our Sales and Trading business faces a subdued...

  • WASHINGTON, Oct 13- BlackRock Inc Chief Executive Officer Larry Fink warned on Friday that financial markets are ignoring underlying risks, which means there could be a "big correction" if a major surprise world event occurred. If there is a major event, which I dont foresee anything, but if there is one, we could have a big correction, "he said at the annual meeting of...

  • Oct 3- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies. The plan is in early stages and may not proceed, the Wall Street Journal report on Monday, citing people familiar with the matter.

  • Goldman Sachs is considering a new trading operation focused on bitcoin and other digital currencies

  • Sept 29- Morgan Stanley has agreed to buy commercial real estate credit platform Mesa West Capital LLC, the firm said on Friday. The move adds $5 billion in assets under management to Morgan Stanley's investment management business, a unit that CEO James Gorman has said he is looking to grow substantially in the coming years. Investment management, led by former...

  • James Gorman, chief executive officer of Morgan Stanley.

    Morgan Stanley CEO James Gorman sees more potential in bitcoin and other digital currencies than his counterpart at JPMorgan.

  • Digital display signs on the exterior of the headquarters of Morgan Stanley in New York's Times Square.

    Beyond just trading of stocks and bonds, there's a much more important growth engine emerging.

  • NEW YORK, July 19- After Morgan Stanley's wealth management business reported record quarterly revenue and hit the high end of its profit margin target on Wednesday, analysts wanted to know how sustainable those results are. Rising stock markets, another Federal Reserve interest rate increase and strong loan demand helped the business generate $4.2 billion...

  • The one dark spot, bond trading, fell 4 percent, much less than at Wall Street rivals that reported earnings in recent days. The $1.3 billion in revenue from that business topped Chief Executive Officer James Gorman's $1 billion quarterly target and beat Goldman's $1.2 billion. For years, Morgan Stanley struggled to convince Wall Street that its plan to remain a...

  • Morgan Stanley Chairman and CEO James Gorman

    The "Squawk on the Street" crew sift through Morgan Stanley's better-than-expected quarterly results.

  • July 19- Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. The one dark spot, bond trading, fell 4 percent, much less than at Wall Street rivals that reported earnings in recent days. The $1.3 billion in revenue from...

  • The business, which the bank has been building out for a reliable income stream, generated a 25 percent pretax margin, in line with Chief Executive James Gorman's stated target. Bond trading has spelt trouble for the big U.S. banks this quarter, making comparisons difficult with the year-ago period when banks handled high volumes of trade following Britain's...

  • James Gorman, chief executive of Morgan Stanley.

    James Gorman, chairman and CEO of Morgan Stanley, said he sees a solid case for bank stocks.

  • June 14- Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.. Gorman, speaking at the bank's financials conference in New York, said he has personally been...

  • June 14- Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.. Gorman, speaking at the bank's financials conference in New York, said he has personally been...

  • LONDON, June 5- Executives at some of the world's biggest banks are warning that challenging market conditions could lead to a fall in second quarter trading revenues, with much of the blame being laid at a familiar door: low volatility. JP Morgan chief financial officer Marianne Lake, Bank of America chief executive Brian Moynihan and Morgan Stanley CEO James...