Posts Tagged “Morgan Stanley”
Forget Wealth Management, 2013 Is the Year of the Investment Bank: Hintz
by Wall Street Job Report on April 18, 2013
Morgan Stanley (MS) Thursday joined the ranks of banks exceeding expectations for first quarter earnings. Excluding special charges, the firm posted a profit of $1.2 billion or 61 cents a share—above analysts’ expectations of 57 cents.
Wall Street has fewer bolting brokers amid stronger markets
by Wall Street Job Report on April 18, 2013
Some 109 teams, most with two to three veteran advisers each, took $23 billion in client assets to rival firms or their own shops during the first three months of the year, according to a Reuters quarterly review of broker movements.
Morgan Stanley Trims Investment Bank’s Compensation Pool 14%
by Wall Street Job Report on April 18, 2013
Morgan Stanley (MS), owner of the world’s biggest brokerage, set aside $1.89 billion to pay employees at its investment-banking and trading division in the first quarter, 14 percent less than a year earlier.
Despite Improving Profits, Morgan Stanley’s Path Is Uncertain
by Wall Street Job Report on January 22, 2013
Morgan Stanley has taken aggressive action to bolster profit. Over the last year, the Wall Street bank has cut thousands of employees, sold costly assets and retooled major businesses. Those efforts worked. In the fourth quarter, Morgan Stanley reported earnings (…)
Morgan Stanley Cuts Investment Bank Pay Costs 7.6% for 2012
by Wall Street Job Report on January 18, 2013
Morgan Stanley (MS), the bank that’s deferring all bonuses for top earners, set aside $6.65 billion in 2012 to pay investment-bank employees, a 7.6 percent decline from a year earlier.
