CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.
Morgan Stanley reported a profit jump for the third quarter fueled by better-than-expected revenue. Sonali Basak reports on Bloomberg Television.
Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals.
Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. The bank's massive wealth management business will be helped by high stock market values in the quarter, which inflates the management fees the bank collects.
The stock was trading near a record high ahead of the release.
Morgan Stanley is scheduled to report 3rd quarter, 2024, financial results on Wednesday morning, October 16th, before the opening bell. Analyst consensus Wednesday morning is expecting $14.4 bl in net revenue to generate $1.58 in EPS for y-o-y growth of 9% and 14%. Full-year '24 expectations are for EPS to grow 24% on 9% revenue growth.
Factors like expanding LNG exports, robust natural gas demand and long-term contracts are likely to have aided KMI's financial performance in Q3.
Morgan Stanley's diversified revenue streams and innovative ecosystem have led to a 34% stock return since July 2023, outperforming the S&P 500. Strong 2Q24 earnings with a 50% increase in diluted EPS and 50% revenue growth in Institutional Securities highlight the company's robust financial health. Wealth Management continues to grow, with client assets reaching $7.2 trillion and a 5% annualized growth in net new assets year-to-date.
JPMorgan's Q3 earnings surpassed expectations, with significant beats in key metrics such as net revenue, net interest income, and EPS, driving a 4.44% stock price increase. Year-over-year, NII growth was modest at 3%, and net income decreased by -1%. Yet, the bank saw great momentum in non-interest revenue, growing 12%. Although the CEO thinks the stock multiple is inflated, I believe it is fairly valued, and given the bank's strong positioning, it is worth providing it with a buy rating.
A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.
Amazon's ambitious Project Kuiper satellite constellation aims to build a system of 3,236 satellites to increase global broadband access.
BofA Securities has upgraded Kinder Morgan KMI, an energy infrastructure company that owns and controls oil and gas pipelines and terminals. The analyst notes stabilized base business.