Strong markets double Morgan Stanley’s profit July 17, 2014 INVESTMENT bank Morgan Stanley more than doubled its profits as stock markets soared and clients sent more work the bank’s way, it said yesterday. Profits came in at $1.86bn (£1.1bn) for the three months to 30 June, up 131 per cent on the same period of 2013. By division, the biggest jump came in institutional [...]
How Morgan Stanley more than doubled its profit since last year July 17, 2014 Morgan Stanley has beaten both analyst expectations and its main competitors as its second quarter results showed a huge surge in profits – 132 per cent – compared to the same period last year. Citigroup, JP Morgan Chase and Bank of America all recorded lower second-quarter profits, but Morgan Stanley's was up on the first [...]
Top Morgan Stanley economist says Yo to a bizarre new app June 23, 2014 Yo, the new app that raised $1.2m (£705,000) for its simple one-word communication platform last week, got an endorsement from a surprising source yesterday. The app allows users to send each other only one message – the word “YO”, and was championed by Morgan Stanley global chief economist Joachim Fels. “When I first read about [...]
Morgan Stanley emails exposed in bid battle June 16, 2014 THE dark arts of investment banking were brutally exposed yesterday as Allergan, the US healthcare group fighting off a $53bn (£31.2bn) hostile bid from a rival Valeant Pharmaceuticals, released emails designed to embarrass Morgan Stanley, the US investment bank that is now advising its unwanted suitor. The emails show that just a few weeks ago, [...]
Here’s what Morgan Stanley thinks ECB QE might look like May 12, 2014 It's clear that the European Central Bank knows it has a disinflationary problem. Today, a global investor poll conducted by Bloomberg finds that 74 per cent of participants see deflation as a greater risk to the region than inflation. While headline Eurozone inflation remains positive, that aggregate measure masks the member states already suffering from [...]