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0.000660763843002473 -0.00557684683494115 -0.00356812475221351 -0.00858992995903253 -0.0104400687194396 0.00118937491740456 0.00991145764503766 0.0173120126866658
Stock impact report

Morgan Stanley profit plunges, warns of more pain ahead [Yahoo! Finance News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
View photosFILE PHOTO: A sign is displayed on the Morgan Stanley building in New York) - Morgan Stanley posted a 32% fall in quarterly profit on Thursday as the coronavirus pandemic stalled dealmaking and warned that the crisis would continue to weigh on its operations in the coming months.The results capped first-quarter earnings from big U.S. banks, which reported significant declines in profit and set aside billions to cover for a wave of expected loan defaults due to the crisis that has left millions of people jobless and companies cash-strapped.Morgan Stanley differs from most of the other big six U.S. banks because it does not have large book of consumer loans and credit card business like JPMorgan Chase, or significant balance sheet investments like those of rival Goldman Sachs.Morgan Stanley's wealth management unit, which contributes roughly half to its total revenue, fell 8% to $4.04 billion, as it bore the brunt of the ongoing turmoil in financial markets.The wealth busines Show less Read more
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