(Bloomberg) -- It’s not just Morgan Stanley’s IPO bankers that are benefiting from the frenzy of companies going public in recent weeks.The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs, according to a statement Wednesday. SpaceX’s record-breaking listing earlier this year proved to be a field day for Morgan Stanley and its Wall Street peers that helped take it public. Elon Musk’s space and artificial-i
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As part of the bank’s defense initiative, $24 million will go toward a submarine facility and training skilled workers.
Investing.com -- Morgan Stanley reported second-quarter earnings that sharply beat expectations on Tuesday, powered by a surge in equities trading and a wave of merger activity that has pushed global dealmaking to its strongest first-half pace on record.
SpaceX stock is dangerously close to breaking its $135 IPO price. SpaceX is set to test its huge, fully-reusable Starship for the thirteenth time. Starship promises to dramatically lower the cost of reaching space while dramatically increasing SpaceX’s capacity to put things into orbit.
The main US stock measures were trending higher in Wednesday's premarket activity as traders await t
The healthcare company posted $25.31 billion in quarterly sales and raised its annual sales forecast to about $101.1 billion at the midpoint
American Express reports earnings on July 24, and retirement investors who overlook what is quietly happening inside this premium franchise before that date may be leaving a rare setup on the table.
Texas Instruments reports Q2 earnings on July 22, and the setup heading into that date looks unlike anything the stock has seen in years. Here is what the end-market data and cash flow trajectory reveal about the window closing fast for investors.
Pre-Market Stock Futures: Futures are trading higher after a nice bounce-back day for Wall Street, as a tepid June consumer price index report, combined with the President dropping the big Strait of Hormuz tolls, brought buyers back to the table. When the final bell rang, all of the major indices finished the day higher. The ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Allstate, AMC Entertainment, Boeing, CAVA Group, Check Point Software, Digital Realty Trust, FedEx, IBM, UPS
The bank reported adjusted second-quarter earnings of $3.46 a share, blowing past Wall Street forecasts thanks to a surge in investment banking revenue.
Equities trading revenue jumped 69% to $6.3 billion in the second quarter, powering the bank to $21.35 billion in total revenue
Morgan Stanley’s profit jumped 58% in the second quarter, echoing bumper results at other big banks from strong trading and dealmaking activity. The report follows a slug of big bank earnings yesterday, which together pointed to how market turmoil and artificial intelligence-driven investment have supercharged Wall Street’s biggest moneymakers. Morgan Stanley’s investment banking revenue increased 58% from the prior year to $2.44 billion.
US stocks appeared set for a steady start on Wednesday as investors drew confidence from strong bank earnings and a softer-than-expected inflation report the day before, even as oil prices remained elevated following fresh US strikes on Iran. Nasdaq futures were up 0.5% ahead of the opening...
Assets under supervision stood at $4.04tn as of 30 June, supported by $230bn of net inflows and $161bn of market appreciation.
The Dutch chip equipment maker now expects full-year net sales of €43 billion to €45 billion, up from a prior forecast of €36 billion to €40 billion
BlackRock’s private-debt funds business took in a net $6 billion of new client money in the second quarter. The unit managed $151 billion in assets as of June. Like some of its private-markets peers, the asset manager had imposed limits on how much money individual investors could pull from its largest retail private-credit fund during the last two quarters.
BlackRock stock was gaining as it beat Wall Street expectations for earnings and assets under management.
Apple’s artificial-intelligence system has secured government approval in China, clearing a major roadblock for the iPhone maker to introduce the service in the world’s largest smartphone market.
Johnson & Johnson (NYSE:JNJ) reported stronger-than-expected second-quarter results and raised its full-year earnings outlook, although the healthcare company’s shares slipped around 1 percent in premarket trading on Wednesday. Earnings and revenue beat expectationsThe company posted adjusted earnings per share of 2.
BlackRock (NYSE:BLK) shares moved higher in premarket trading on Wednesday after the world’s largest asset manager reported stronger-than-expected second-quarter results, supported by record client inflows and continued growth across its investment platform. Earnings and revenue exceed expectationsBlackRock reported second-quarter earnings per share of 13.
The Chinese electric-vehicle maker plans to launch its humanoid robot globally next year, as part of efforts to transform into a physical AI company.
Eaton Corporation is set to announce its second-quarter earnings in a few weeks, and Wall Street forecasts a single-digit increase in its profits.
Investing.com -- Johnson & Johnson (NYSE:JNJ) reported second-quarter results that exceeded Wall Street expectations, though shares are down around 1% premarket on Wednesday.
Semiconductor equipment giant ASML beat estimates for the second quarter and raised its outlook for the full year. ASML stock rose on the news.
Investing.com -- BlackRock shares rose about 3% in premarket trading Wednesday after the asset manager reported second-quarter earnings that comfortably beat expectations, driven by record inflows and strong organic growth across its platform.