It is more likely that there will be a rebound in S&P 500 in the fourth quarter of 2023 than the one that does not exist, Michael Wilson, from Morgan Stanley. Wilson and other strategists said most investors believe in a possible rebound if current levels hold in the near term, despite lingering concerns about […]
Tag: Morgan Stanley
US regulators announce million-dollar fine to companies for trading on WhatsApp
US regulators on Tuesday announced combined fines of US$ 549 million (about 501 million euros) against the American bank Wells Fargo and a number of companies that failed to keep electronic records of employee communications when using messaging apps like WhatsApp. The Securities and Exchange Commission (SEC) announced $289 million in fines against eleven companies […]
Morgan Stanley results suffer from “difficult” context; Bank of America grows
The American Business Bank Morgan Stanley published its quarterly results on Tuesday with profits in strong decline of 14% over the same period last year, to US$ 2,000 million, due to a context “difficult” for some advisory activities. “The quarter started with macroeconomic uncertainties and weak client activity, but ended better” at the end of […]
Morgan Stanley: Argentina-IMF Agreement will probably be reached before the end of the month
Argentina probably come to an agreement with him International Monetary Fund (IMF) before the end of the month, analysts at Morgan Stanley on Monday, adding that any move to dollarize the economywhich goes through severe and prolonged, would need substantial preparation. “We continue to believe that an agreement with the IMF is within reach, probably […]
Morgan Stanley raises 36% estimate of oil demand growth for 2023 and points out Russian risk
Morgan Stanley raised its estimate of global demand growth for Petroleum for this year around 36%, citing the growing momentum of the Chinese reopening and the recovery of aviation, but noting the increase in supply russian as a compensating factor. World crude oil consumption is now expected to rise to about 1.9 million barrels per […]
Morgan Stanley fines employees for infringing use of messaging
The funds were recovered from previous bonuses or will be deducted from future payments, according to a person with knowledge of the matter, who asked not to be named because the information has not been made public. Morgan Stanley is the latest bank to have required its staff to shoulder some of the burden of […]
Morgan Stanley suggests against buying latest rally in US stocks.
michael wilson — who has long been one of the most vocal bears on US stocks — said in a research note that while investors are pessimistic about the outlook for economic growth, corporate earnings estimates are still too high and the Equity risk premium is at its lowest since before 2008. That suggests the […]
US Banks See Wealth Management Boom for Loans and New Assets
The wealth management businesses of large US banks had another stellar performance in the third quarter, driven by record levels of new money coming into accounts and growing demand from clients to borrow against their investment portfolios. Morgan Stanley Inc, JPMorgan Chase & Co, Bank of America Corp and Goldman Sachs Group Inc. reported double-digit […]
BofA CEO: Inflation Will Hold, But Consumers Will Spend
Updated on 10/15/2021 03:04 am The executive director of Bank of America Corp., Brian Moynihan, joined other financial industry leaders, such as the CEO of Morgan Stanley, James Gorman, and John Waldron, of Goldman Sachs Group Inc., in forecasting that inflation It will remain. “Inflation is clearly not temporary,” Moynihan said in an interview Thursday […]