Morgan Stanley shares plunge after profits drop on slowdown
Sluggish results from the Wall Street firm’s investment bank and a miss in wealth management triggered a sell-off.
Source: afr.com
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Morgan Stanley shares fall on lack of CEO succession plans, weak Q3
Morgan Stanley's third-quarter profit showed a hit from lethargic dealmaking, while shares more than 8% as some analysts pointed to a fall in net new assets in its wealth division and disappointment over the lack of news on succession.
Source: nypost.com
Morgan Stanley Asset Growth Slows in Q3
Morgan Stanley announced a drop in net interest income on its Q3 earnings, one of the last before James Gorman is expected to step down as CEO.
Source: wealthmanagement.com
Meet Dan Simkowitz, the Dark Horse in Morgan Stanley's CEO Race
Morgan Stanley has been staging a bloodless succession race in which all three candidates stay, but it's unclear whether the bank can hold onto Simkowitz if either of his rivals wins.
Source: businessinsider.com
Bank stocks show more signs of life after a tumultuous year. Here's what's causing the run and why we're optimistic on these financial names
Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.
Source: nbcphiladelphia.com