Key Takeaways A TikTok ban could go into effect in the U.S. on Sunday, leaving other companies to compete for its users’ attention and almost $10 billion in ad revenue.Meta could be the biggest winner given its large user base said analysts at Morgan Stanley.
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Morgan Stanley’s stock outpaced gains in other financial stocks Thursday, after the bank and broker forecast a robust flow of deals as it beat both profit and revenue expectations for the latest quarter.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Morgan Stanley (MS) reports its highest quarterly revenue in over 15 years, driven by strong performance in Wealth and Investment Management, while navigating geopolitical and regulatory hurdles.
In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with clients and sell more loans, a practice known as cross-selling. For Merrill Lynch,
Profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled in the fourth quarter, signaling a strong 2024 for Big Banks. Stephen Biggar, director of financial services research at Argus Research,
Morgan Stanley reported robust earnings surpassing market expectations, powered by significant gains in revenue and income.
Morgan Stanley easily beat fourth-quarter profit and revenue estimates on strong equity trading and IPO activity.
Willscot Holdings Corp (WSC) stock saw a modest uptick, ending the day at $36.64 which represents a slight increase of $0.07 or 0.19% from the prior close of $36.57. The stock opened at $36.83 and touched a low of $36.
Mark Wiedman, BlackRock’s top client-facing executive and a possible successor to CEO Larry Fink, said Wednesday he would voluntarily step away from his role in the spring after a 20-year stint at the firm.