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In "BUSINESS"
NEW YORK — Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year.Like other big banks, Morgan Stanley had to navigate falling interest rates, volatile markets and recession signals during the third quarter, and fared relatively well. Its overall profit rose 3%, topping Wall Street expectations by a healthy margin.However, the factors that created such a difficult operating environment during the quarter have not gone away, Chief Executive James Gorman and Chief Financial Officer Jonathan Pruzan said on a call to discuss earnings.They suggested the trade dispute between the United States and China, further central bank easing, an unknown...
October 17, 2019
Morgan Stanley executives offer cautious outlook after profit beat
October 17, 2019
Alitalia rescue hopes rise as Lufthansa looks set to step in
October 17, 2019
IRTI to establish electronic platform for the sustainability of Awqaf
October 17, 2019
UAE to launch new low-cost airline
October 16, 2019
Oman honors youth with 4IR skills
October 16, 2019
Flims – laxx lures GCC tourists
October 16, 2019
IMF calls for more oversight amid risky, rising corporate debt
October 16, 2019
Guardian Glass introduces coated solar control glass
October 16, 2019
DIFC records 45% rise in Islamic assets
October 16, 2019
Middle East hotel industry set for crucial talks
