Page 5 - Ted Pick News Today

Morgan Stanley and Goldman Sachs are scheduled to report earnings Tuesday, Tesla’s Elon Musk wants 25% voting control at the electric-vehicle company, and...

Morgan Stanley reported fourth-quarter earnings before the bell Tuesday that were lower than a year ago.

Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.

Morgan Stanley's fourth quarter profit slumped as the company paid more than $500 million in regulatory charges, despite robust investment banking revenue.

We're reiterating our 1 rating and bumping our price target up to $98 per share from $95.

For Q4 2023, Morgan Stanley reported $12.9 billion in net revenue, versus $12.7 billion in the year-earlier quarter.

Challenges Weigh on Earnings Despite Revenue Growth

Morgan Stanley is close to an agreement to pay $200 million to $300 million to resolve a yearslong US investigation into its employees' handling of stock

Morgan Stanley's stock fell by more than 4% during Ted's Pick's earnings debut as investors fretted about margins in the firm's wealth-management unit.

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.