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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.
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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.