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Top related persons:
Morgan - 1 Morgan Stanley - 1 James Gorman - 1 Brennan Hawken‎ - 1 Sharon Yeshaya - 1 Morgan Stanley's - 1 James Shanahan - 1 Edward Jones - 1
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Search resuls for: "Tatiana Bautzer Mehnaz Yasmin"


3 mentions found


☆ Morgan Stanley profit beats estimates on wealth, shares rise
  + stars: | 2023-07-18 | by ( Tatiana Bautzer Mehnaz Yasmin | Tatiana Bautzer | Mehnaz Yasmin | ) www.reuters.com   time to read: +3 min
July 18 (Reuters) - Morgan Stanley's profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and executives expressed optimism about the economic environment. Morgan Stanley (MS.N) shares rose more than 6%, shrugging off the 14% drop in profits. Excluding one-off items, Morgan Stanley earned $1.24 a share on revenue of $13.46 billion, comfortably beating estimates of $1.15 a share on $13.08 billion revenue, according to data from Refinitiv IBES. Still, "we expect investment banking to lead the recovery in the next quarter," she said. The Wall Street giant followed rivals including JPMorgan Chase and Citigroup in reporting tepid trading results.
Persons: Morgan, Morgan Stanley, James Gorman, Brennan Hawken‎, Sharon Yeshaya, Morgan Stanley's, James Shanahan, Edward Jones, Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, Tatiana Bautzer, Mehnaz Yasmin, Niket, Lananh Nguyen, Arun Koyyur, Louise Heavens, Nick Zieminski Organizations: UBS, JPMorgan Chase, Citigroup, Bank of America, Reuters, Thomson Locations: New York, Bengaluru
☆ Citigroup beats estimates on higher income from loans; shares rise
  + stars: | 2023-04-14 | by ( Tatiana Bautzer Mehnaz Yasmin | Tatiana Bautzer | Mehnaz Yasmin | ) www.reuters.com   time to read: +4 min
April 14 (Reuters) - Citigroup Inc's (C.N) first-quarter profit beat Wall Street expectations as it earned more from borrowers paying higher interest on loans. Citi earned $1.86 per share in the first quarter, beating analysts' average estimate of $1.67, according to Refinitiv data. The bank's investment in services to corporations resulted in 31% growth in revenues in treasury and trade solutions. INVESTMENT BANKING BACK? Mason expressed cautious optimism about a recovery in investment banking.
☆ Citigroup beats estimates on higher income from loans
  + stars: | 2023-04-14 | by ( Tatiana Bautzer Mehnaz Yasmin | Tatiana Bautzer | Mehnaz Yasmin | ) www.reuters.com   time to read: +3 min
April 14 (Reuters) - Citigroup Inc's (C.N) first-quarter profit beat Wall Street expectations on Friday as it earned more from borrowers paying higher interest on loans. While its net interest income rose 23% to $13.3 billion, Citi also set aside $241 million to cover potential loan losses, from $138 million a year earlier. Net income rose 7% to $4.6 billion, or $2.19 per share, in the three months to March 31 from $4.3 billion, or $2.02 per share, a year earlier. The banking sector was jolted by the collapse of Silicon Valley Bank and Signature Bank last month, which wiped out billions of dollars in market value. Analysts expect an economic slowdown to curb demand for loans and depress net interest margins (NIM) across the industry in the coming quarters.
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