Arab Today, arab today morgan stanley profits come in higher
Last Updated : GMT 06:16:24
Arab Today, arab today
Arab Today, arab today

Morgan Stanley profits come in higher

Arab Today, arab today

Arab Today, arab today Morgan Stanley profits come in higher

Washington - AFP

US investment bank Morgan Stanley said Thursday it had swung to positive earnings as gains in global wealth management and asset management offset declines in some advisory and trading divisions. Morgan Stanley reported net income of $958 million on revenues of $8.2 billion, up from a loss of $119 million on revenues of $6.9 billion. However, Morgan Stanley said the results were weaker excluding some borrowings whose value fluctuates. Excluding this metric, Morgan Stanley revenues were $8.5 billion compared with $8.9 billion in the year-ago quarter. Excluding this metric, income from continuing operations came in at $1.2 billion compared with $1.4 billion a year ago. Morgan Stanley said advisory revenues were lower due to lower levels of market activity, although equity underwriting revenues rose. The company also garnered higher revenues in debt underwriting. Fixed income and commodities sales were lower. Revenues in equity sales and trading also declined. Morgan Stanley reported higher global wealth management profits and a boost in asset management. Chief executive James Gorman said the company was looking forward to new business opportunities in Japan with its joint venture with Mitsubishi UFH Financial Group, given some of the shifts in Japan's economic policy. Gorman gave a more bullish appraisal of market conditions compared with some banking executives. "Looking forward, while the global environment continues to have moments of fragility, we believe the broad economic outlook for the next several years is stronger than in the recent past," Gorman said. Morgan Stanley shares are down 0.8 percent in pre-market trading.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morgan stanley profits come in higher Arab Today, arab today morgan stanley profits come in higher

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today morgan stanley profits come in higher Arab Today, arab today morgan stanley profits come in higher

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday