Tag:
Quarter Results
Latest Headlines
Latest Headlines
Trading profits info scant at top banks
The trading business has undergone some wrenching changes recently. But one thing that has stayed the same is that the industry has always merited a low price-earnings multiple. Right now, the industry trades at roughly less than nine times forward annual earnings, which is not shocking. The reaso
Not a good quarter for Morgan Stanley
Morgan Stanley's ( MS ) fourth quarter results were underwhelming to say the least. The bank earned 29 cents a share on $6.8 billion in revenue. That lagged analysts' expectations of 36 cents on $7.8 billion in revenue, according to the AP .
To some degree the story at Morgan Stanley was
Morgan Stanley suffering Goldman envy?
Morgan Stanley has long been compared to its arch-nemesis Goldman Sachs. In fact, comparisons are still being made, and that might be a problem for Morgan Stanley. A recent article in TheStreet.com suggests that the first quarter results may make it tempting for Morgan Stanley to jump back int
Citigroup earnings worse than expected
Citigroup  lost $1.02 per share, lagging behind the average estimate of 95 cents a share. This is one of those downside surprises that somehow is not all that surprising. The bank wrote off $12 billion in subprime-related debt, bond insurer exposure, leveraged loan commitments, auction rate s
Bold move: Pandit rejects break-up of Citigroup
We noted recently that Vikram Pandit, CEO of Citigroup , had rejected the idea of breaking up Citigroup . Now, he's going public with his views. In an interview with Business Week , Pandit said he "couldn't get a better set of assets" and the conglomerate approach was &
