Will Morgan Stanley Move Higher After A Recent Announcement?
T = Trends for a Stock’s Movement
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions, and individuals. The company operates in three segments: institutional securities, global wealth management group, and asset management. Morgan Stanley provides financial advisory and capital-raising services; equity, fixed income, and alternative investments; and merchant banking services. It participates in an industry that powers most other types of businesses around the world.
Morgan Stanley reported a 50 percent increase in revenue when the bank reported earnings on Friday morning, Reuters reports. Though the company posted a drop in its fixed income business, gains in equity sales and trading more than made up for them. Morgan Stanley’s earnings came in at 50 cents a share and net income was $888 million. In the third quarter of last year Morgan Stanley posted a loss of $1 billion, or 55 cents a share.