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0.000715648854961859 0.00166984732824428 0.00477099236641211 0.00954198473282439 0.0162213740458015 0.0209923664122138 0.0155057251908397 0.00620229007633583
Stock impact report

Morgan Stanley shares tank after earnings disappoint on weak trading, wealth management [CNBC]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: CNBC
Morgan Stanley shares tank after earnings disappoint on weak trading, wealth management David A. Grogan | CNBC James Gorman Morgan Stanley Morgan Stanley shares slumped 5.8 percent to $41.90 in early Thursday trading. Under Chief Executive Officer In theory, the increased emphasis on wealth management should help it weather a decline in trading revenue amid turbulent markets late last year. Every major bank to post results so far has booked declines of at least 16 percent in fixed income revenue for the fourth quarter as clients stepped away amid sharp movements in asset classes around the world. "In 2018 we achieved record revenues and earnings, and growth across each of our business segments – despite a challenging fourth quarter," Gorman said in the earnings statement. "While the global environment remains uncertain, our franchise is strong and we are well positioned to pursue growth opportunities and serve our clients." Morgan Stanley also updated its strategic goals, giving inv Show less Read more
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