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Morgan Stanley profit down with lower investment banking revenue, shares tank

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Morgan Stanley profit down with lower investment banking revenue, shares tank

[1/2]People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Oct 18 (Reuters) – Morgan Stanley’s (MS.N) third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to … Read more

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

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Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking … Read more