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-0.000127713920817253 -0.00153256704980831 -0.00357598978288617 -0.00434227330779041 -0.00740740740740739 -0.00306513409961679 0.000255427841634869 -0.00638569604086846
Stock impact report

Morgan Stanley profit plunges, warns of more pain ahead [Toronto Globe and Mail (Ontario, Canada)]

E*TRADE FINANCIAL CORP (ETFC) 
Last e*trade financial corp earnings: 4/23 04:05 pm Check Earnings Report
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Morgan Stanley profit plunges, warns of more pain ahead Morgan Stanley building is seen in New York July 16, 2018. Morgan Stanley’s wealth management unit fell 8% to $4.04 billion. Lucas Jackson/Reuters Morgan Stanley building is seen in New York July 16, 2018. Morgan Stanley’s wealth management unit fell 8% to $4.04 billion. Morgan Stanley chief executive officer James Gorman warned that the bank would take “longer to achieve” its medium-term financial targets due to the coronavirus crisis, after its first-quarter profit slumped by 30 per cent. In January, just before the virus started spreading around the world, Gorman boosted the bank’s performance targets and set new goals for cost-cutting, returns on equity and wealth management profits over the next two years and beyond. In the weeks that followed, the pandemic forced sweeping lockdowns, shuttered businesses, left millions jobless and raised fears of a severe recession, prompting Wall Street banks to set aside billions to cov Show less Read more
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