Morgan Stanley’s second-quarter revenue from both investment banking and fixed-income trading beat Goldman Sachs Group Inc.’s for the first time on record.
Morgan Stanley rose the most in more than two years in New York trading after reporting a second- quarter loss that was smaller than analysts estimated and the only gain in trading revenue among major U.S. banks.
Jamie Dimon wanted Washington Mutual Inc. and he wanted it bad.
Goldman Sachs Group Inc. ’s compensation and benefits expense fell 5 percent to $15.4 billion in 2010 as the firm’s revenue decreased 13 percent and the number of employees climbed.
Bank of America Corp. picked Mukesh Ambani , India’s billionaire chairman of Reliance Industries Ltd., to join its board as the lender seeks to expand revenue from outside the U.S.
Bank of America Corp. , the largest U.S. lender, reported a $7.3 billion loss tied to new rules on consumer accounts and credit cards and said it’s fighting demands to buy back allegedly faulty loans.
"Morgan Stanley really knocked the ball out of the park."
- Jason Tyler on Jul 21, 2011
Ariel’s Tyler Says Morgan Stanley 'Impressive'