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Morgan Stanley laid off hundreds of its fixed-income trading staff after the financial crisis, leaving it poorly positioned to benefit from the frenzied bond trading that occurred in 2009 and 2010.
(Bloomberg Opinion) -- Wall Street’s bond traders deserve a lot of credit for an impressive earnings season for the biggest U.S. banks. After all, fixed-income trading revenue easily blew past ...
Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief ...
Morgan Stanley says fourth-quarter profit tumbled 59%, as the firm suffered along with rival Goldman Sachs from a slump in bond markets.
(Reuters) - Morgan Stanley won market share in bond trading in the first quarter after years of investments in the business, allowing the Wall Street bank to post results that beat many analysts ...
NEW YORK - Morgan Stanley's (MS) earnings dropped 42 percent in the third quarter, more than analysts forecast, as the bank's bond trading business weakened. The New York-based investment bank and ...
Under Ted Pick, Morgan Stanley’s bond-trading division has booked four straight quarters of fixed-income revenue above $1 billion. But Mr. Pick is striking a cautious note as other turnarounds ...
Morgan Stanley’s profits unexpectedly declined during the fourth quarter in 2018, the bank reported Thursday, largely due to a drop-off in bond trading — just months after the bank’s CEO ...
After years of ratcheting back trading operations in favor of more stable businesses, Morgan Stanley is quietly plotting a comeback, pushing for more fixed-income trading business.
Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election.