A surge in investor activity late last year and market appreciation boosted Morgan Stanley Wealth Management’s total client assets to $6.2 trillion at the end of the fourth quarter, a 21% increase over the same period last year.
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Company veteran Mandell Crawley will lead Integrated Firm Management and Daniel DiBiasio will take over as head of Private Wealth Management.
Morgan Stanley turned in $3.7 billion of profit in the fourth quarter, up 147% from a year earlier and exceeding analysts’ estimates of $2.7 billion. The New York-based investment bank posted per-share earnings of $2.
Morgan Stanley’s institutional securities group, which houses its investment banking and trading businesses, reported revenue of $7.3 billion in the fourth quarter, a 49% jump from $4.9 billion a year earlier.
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
Connor Ingram made 23 saves and Olli Maatta scored his first goal for the Utah Hockey Club in a 5-2 victory over Winnipeg Jets.
Kevin Cheveldayoff typically doesn’t show his cards, especially as we get closer to the NHL trade deadline. The tight-lipped Winnipeg Jets general manager was willing to tip his hand on
President Donald Trump in one of his first acts in office pardoned more than 1,500 people charged in the attack and also commuted the sentences of those still fulfilling their punishment.
Monaco ground out a 1-0 home win against Aston Villa in the Champions League on Tuesday, denying the Premier League side the chance to all but book their spot in the round of 16.
The likelihood of an all-out trade war may have receded but not the trade-related volatility as stocks climbed.