Tag: MS
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JPMorgan, Citi and Wells earnings to unleash borrowing blitz by banks
[ad_1] Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America’s top lenders. JPMorgan Chase & Co. JPM, +0.60%, Citigroup Inc. C, -4.05% and Wells Fargo & Co. WFC, -0.34% all are due to report financial results for the quarter Friday,…
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Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates
[ad_1] JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis. Bank of America Corp. BAC, +0.46% and Morgan Stanley MS, +0.05% will provide their second-quarter updates on July 18, followed by…
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Jefferies projects ‘muted’ Q2 for investment banking but sees ‘green shoots’ in M&A
[ad_1] Jefferies analysts on Friday projected a continuation of “muted” trends in investment banking, although some encouraging signs are emerging in advising on corporate mergers and acquisitions. The comments suggested a drop in second-quarter investment banking revenue from megabanks JPMorgan Chase & Co. JPM, +0.03%, Bank of America Corp. BAC, -0.85%, Citigroup Inc. C, +0.19%,…
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What banks must do to increase number of female CEOs, this diversity expert says
[ad_1] Diversity, Equity and Inclusion (DEI) has been one of the key corporate themes of recent years, but female CEOs remain a rarity at America’s largest banks. The issue of C-suite diversity has been thrust into the spotlight following news that James Gorman is planning to step down as CEO of Morgan Stanley MS, +0.04%.…
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As Morgan Stanley looks to replace Gorman, female bank CEOs are still a minority
[ad_1] News that James Gorman is planning to step down as CEO of Morgan Stanley has focused attention on the lack of female CEOs at America’s biggest banks. Speaking at Morgan Stanley’s annual shareholder meeting Friday, Gorman said he plans to step down sometime in the next 12 months. Morgan Stanley’s MS, -2.66% board, he…