LOS ANGELES, CA / ACCESSWIRE / July 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / July 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
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Morgan Stanley (NYSE:MS) shares rebounded on Tuesday afternoon after the bank reported a rise in second-quarter profit driven by a rebound in investment banking activities, particularly in equity and debt underwriting. Despite this, wealth management revenue saw only marginal growth, contrasting with stronger performance in previous years.
Morgan Stanley stock moved into positive territory Tuesday as investors parse the investment banking firm's second-quarter earnings report.
Morgan Stanley (MS) posted strong second-quarter top- and bottom-line results despite sluggish growth in the bank's wealth-management business Tuesday.
Morgan Stanley's net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30. That compares with $2.2 billion, or $1.24 per share, a year earlier.
Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded.
Morgan Stanley is likely to benefit from its Wall Street-centric business model. The bank's massive wealth management business will be helped by high stock market values, which inflates the management fees the bank collects.
Morgan Stanley MS is scheduled to release its financial results for the second quarter, before the opening bell on Tuesday, July 16.
LOS ANGELES, CA / ACCESSWIRE / July 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Morgan Stanley is scheduled to report earnings before Tuesday's open. The stock is currently trading near $105/share.