Business > Markets

Morgan Stanley profits surge as dealmaking pushes revenue higher

12 days ago   |   By New York Post

Morgan Stanley said robust dealmaking and wealth management revenues pushed quarterly profits 36 percent higher from a year earlier, beating analysts' expectations. The Wall Street behemoth on Thursday reported a profit of $3.71 billion, or $1.98 a share, on revenue of $14.75 billion. Analysts had predicted the bank would report $1.69 a share on revenue...
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Bank of America beats 3rd-quarter profit estimates, lifted by record-high advisory fees and a $1.1 billion reserve release

Bank of America beats 3rd-quarter profit estimates, lifted by record-high advisory fees and a $1.1 billion reserve release

12 days ago   |   By Business Insider

Bank of America CEO, Brian Moynihan.
Chris Keane/ Reuters
Bank of America reported third-quarter earnings Thursday that beat analysts' profit estimates.
Its quarterly net income rose 58% to $7.7 billion, or 85 cents per share, as it booked record advisory fees.
"Our businesses regained the organic customer growth momentum we saw before the pandemic," CEO Brian Moynihan said.
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Bank of America reported third-quarter earnings Thursday that blew past analyst expectations, with a rise in profit driven by record advisory...
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