Morgan Stanley shares fell after the bank’s wealth management division missed estimates on a steep decline in interest income.
Schlagwort-Archiv: CNBC
Morgan Stanley shares drop after wealth management misses on plunging interest income
Morgan Stanley shares fell after the bank’s wealth management division missed estimates on a steep decline in interest income.
Bank of America tops estimates on better-than-expected investment banking
Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of this year.
Hugo Boss shares plunge 9% as firm cuts 2024 guidance amid slumping China demand
Shares of Hugo Boss fell as much as 10% in morning trade Tuesday after the company cut its sales outlook.
Goldman Sachs tops estimates on better-than-expected fixed income trading
Goldman Sachs topped expectations for profit and revenue on better-than-expected fixed income results and smaller-than-expected loan loss provisions.
China reports second-quarter GDP growth of 4.7%, missing expectations
The National Bureau of Statistics did not hold a press conference for the data release. China’s high-level policy meeting, the Third Plenum, kicks off Monday.
Goldman Sachs tops estimates on better-than-expected fixed income trading
Goldman Sachs topped expectations for profit and revenue on better-than-expected fixed income results and smaller-than-expected loan loss provisions.
Burberry shares drop 16% after the luxury giant issues profit warning and replaces CEO
Shares in Burberry plunged on Monday after a disappointing first-quarter performance led it to issue a profit warning, replace its CEO and axe its dividend.
Top Wall Street analysts are pounding the table on these 3 dividend stocks
TipRanks‘ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Walmart and JPMorgan Chase.
Activist Cevian has a stake in medical device company Smith & Nephew. How it may help improve margins
British company Smith & Nephew is already a global leader in medical tech. Cevian could help it boost its profitability.