Morgan Stanley Chief Executive Officer Ted Pick speaks to Bloomberg's Sonali Basak in New York after the bank reported better-than-expected revenue in the third quarter. Shares rose sharply on the news.
Both Imports and Exports were deeper into the negative than expected. Meanwhile, MS, ABT and USB all beat of Q3 earnings.
Shares of Morgan Stanley (NYSE:MS) are up 7.5% to trade at $120.66 this morning, after the company posted a third-quarter beat , with an earnings per share of $1.88 on $3.19 billion in revenue.
Morgan Stanley Chief Executive Officer Ted Pick says he's bullish on deals and more companies going public. He speaks to Sonali Basak on “Bloomberg Open Interest” after the company posted the best third-quarter trading gains on Wall Street.
Morgan Stanley CEO Ted Pick discusses the outlook for bank capital regulations with Sonali Basak on “Bloomberg Open Interest” after the company posted the best third-quarter trading gains on Wall Street. Sign up for the Wealth newsletter, a guide to your money, delivered weekly: Click Here -------- More on Bloomberg Television and Markets Like this video?
Morgan Stanley CEO Ted Pick says the biggest trading firms are putting more distance between them and their smaller rivals. He speaks with Sonali Basak on "Bloomberg Open Interest" after the company posted the best third-quarter trading gains on Wall Street.
Ted Pick, Morgan Stanley CEO, joins 'Squawk on the Street' to discuss the biggest holdup for the capital market recovery, if interest rates will get to a level that will reignite the IPO market, and much more.
"I am bullish on IPOs and M&A coming back," said the banks' CEO.
Morgan Stanley (MS) shares jumped Wednesday morning after the company became the latest bank to beat estimates for the third quarter, with revenue and profits rising year-over-year.
Robust IB and trading business performance, high rates and strong wealth management support Morgan Stanley's Q3 earnings.
S&P 500 and Nasdaq 100 futures steady amid tech losses. Morgan Stanley beats Q3 estimates, up 3%, and Cisco climbs 2% on AI optimism.
The Global X MLP & Energy Infrastructure ETF has shown strong performance, keeping pace with the S&P 500 over the past 24 months. Kinder Morgan is near 52-week highs, with a 47% total return in 2024, but now trades at a somewhat stretched valuation. Despite a favorable outlook, KMI's forward P/E ratio of 20.6 and overbought technical indicators suggest caution.