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Stock impact report

Goldman Sachs Beats, But Equity Trading Weak; Solomon Named CEO [Investor's Business Daily]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Related news Goldman Sachs ( GS ) on Tuesday beat second-quarter earnings forecasts and said that CEO Lloyd Blankfein would leave that post on Sept. 30 and be replaced by President and Co-Chief Operating Officer David Solomon. X The bank said that Blankfein would retire as chairman and CEO. He has held those positions since 2006. Since then, the bank has weathered the aftermath of a financial crisis and recession, but not without damage to its reputation. Blankfein will retire from the firm and as chairman of the board at the end of the year. Solomon will take over as CEO on Oct. 1 and join the company's board on that date. The bank's second-quarter earnings per share of $5.98 sailed past forecasts for $4.67. Revenue of $9.4 billion also easily beat expectations for $8.7 billion. Fixed-income, currency and commodities trading revenue jumped 45% to $1.68 billion, while equities trading revenue was flat at $1.89 billion. Investment banking revenue grew 18% to $2.05 billion. Show less Read more
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