Business

Morgan Stanley reports $911 million loss related to Archegos implosion

21 days ago   |   By Business Insider

Summary List Placement
Morgan Stanley's exposure to Archegos Capital led to a loss of $911 million in the first quarter.
The implosion of Archegos Capital last month sparked upwards of $10 billion in losses for banks.
Still, Morgan Stanley's Archegos hit pales in comparison to the multi-billion-dollar losses at Nomura and Credit Suisse.
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Morgan Stanley's liquidation of its exposure to Archegos Capital last month didn't escape the bank from sizable losses.
The bank said in its first quarter earnings that it lost $911...
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Morgan Stanley handily beats first-quarter trading and investment-banking estimates - but a $911 million loss tied to Archegos overshadows the strong report

Morgan Stanley handily beats first-quarter trading and investment-banking estimates - but a $911 million loss tied to Archegos overshadows the strong report

21 days ago   |   By Business Insider

Summary List Placement Morgan Stanley 's first-quarter earnings report beat analyst estimates in every major category, but the strong results were overshadowed by a $911 million loss tied to the implosion of Archegos Capital.
The Wall Street giant reported earnings per share of $2.22, beating the consensus estimate of $1.68 and exceeding even the most bullish estimate. The firm also notched $15.7 billion in net revenue, beating the $13.95 billion consensus forecast.
Sales-and-trading figures for both the fixed-income and equity business also came in above expectations, as did revenue from...
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Morgan Stanley handily beats first-quarter trading and investment-banking estimates - but a $911 million loss tied to Archegos overshadows the strong report

Morgan Stanley handily beats first-quarter trading and investment-banking estimates - but a $911 million loss tied to Archegos overshadows the strong report

21 days ago   |   By Business Insider

Summary List Placement Morgan Stanley 's first-quarter earnings report beat analyst estimates in every major category, but the strong reults were overshadowed by a $911 million loss tied to the implosion of Archegos Capital.
The Wall Street giant reported earnings per share of $2.22, beating the consensus estimate of $1.68 and exceeding even the most bullish estimate. The firm also notched $15.7 billion in net revenue, beating the $13.95 billion consensus forecast.
Sales-and-trading figures for both the fixed-income and equity business also came in above expectations, as did revenue from...
Read more ...

 




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Ripple's XRP sales almost doubled in the first quarter of 2021 thanks to a...

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