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Morgan Stanley laid off hundreds of its fixed-income trading staff after the financial crisis, leaving it poorly positioned to benefit from the frenzied bond trading that occurred in 2009 and 2010.
Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief ...
(Bloomberg Opinion) -- Wall Street’s bond traders deserve a lot of credit for an impressive earnings season for the biggest U.S. banks. After all, fixed-income trading revenue easily blew past ...
Morgan Stanley says fourth-quarter profit tumbled 59%, as the firm suffered along with rival Goldman Sachs from a slump in bond markets.
(Reuters) - Morgan Stanley won market share in bond trading in the first quarter after years of investments in the business, allowing the Wall Street bank to post results that beat many analysts ...
Morgan Stanley’s profits unexpectedly declined during the fourth quarter in 2018, the bank reported Thursday, largely due to a drop-off in bond trading — just months after the bank’s CEO ...
Morgan Stanley (MS) posted net income of $4.3 billion, or $2.60 a share, for the quarter, up from $3.4 billion, or $2.02 a share, in the year-earlier period. Revenue rose to $17.7 billion from $15 ...
Morgan Stanley last December cut 2% of its global staff, a total of 1,600 positions. In the last big round of muni cuts, in 2015, the firm cut 25% of its public finance team as part of a larger ...
Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election.
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