Morgan Stanley profit jumps 45% on trading boom

Global Economy

Reuters
16 July, 2020, 05:45 pm
Last modified: 16 July, 2020, 05:45 pm

Related News

Morgan Stanley profit jumps 45% on trading boom

The bank's earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share

Reuters
16 July, 2020, 05:45 pm
Last modified: 16 July, 2020, 05:45 pm
The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. REUTERS/Mike Blake
The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. REUTERS/Mike Blake

Morgan Stanley posted a 45 percent rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

The bank's earnings attributable to common shareholders rose to $3.2 billion, or $1.96 per share, in the second quarter ended June 30, from $2.2 billion, or $1.23 per share, a year ago.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Morgan Stanley

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

MOST VIEWED

Related News

Features

While it was Sohanur Rahman’s (bottom-right) fourth time at COP, Barishal’s Saila Sobnom Richi (with the red placard in hand), Cox’s Bazar’s Jimran Mohammad Saiak (top-right) and Sathkhira’s SM Shahin Alam attended COP this year for the first time. Photos: Courtesy

COP29 in the eyes of Bangladesh’s climate youth activists

15h | Panorama
Greensect focuses on the black soldier fly (BSF), known for its high protein content and is considered an ideal candidate for sustainable feed production. Photo: Courtesy

Cheaper animal feed, less food waste: How Greensect is pioneering insect farming in Bangladesh

1d | Panorama
To mark the club’s 15 years of camaraderie, a cake-cutting ceremony was held.

15 years of Mercedes-Benz Club Bangladesh

2d | Wheels
Four months of dedication and hard work have brought this Vespa to the pristine state that it is in today. PHOTO: Akif Hamid

Reviving Ruby: The restoration journey of Farishta's 1961 Vespa VBB

2d | Wheels

More Videos from TBS

India violated Vienna Convention in attack on Bangladesh Assistant High Commission

India violated Vienna Convention in attack on Bangladesh Assistant High Commission

28m | Videos
US President Joe Biden explains reason for pardoning his son

US President Joe Biden explains reason for pardoning his son

43m | Videos
Sharmin Shupta doesn't miss a beat after 1.5 year gap

Sharmin Shupta doesn't miss a beat after 1.5 year gap

11h | Videos
The observations and recommendations of the White Paper Drafting Committee.

The observations and recommendations of the White Paper Drafting Committee.

13h | Videos