Morgan Stanley Tops Estimates; Loses 300 Advisors
Morgan Stanley Smith Barney advisors have average production of $787,000 and assets of $101 million.
Most Earnings Top Estimates on Mixed Advisor-Headcount News
Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...
Morgan Stanley Tops Estimates; Advisors Attract $15.5B of Inflows: Q3 Earnings
Morgan Stanley said Tuesday that it had net income of $2.2 billion, or $1.14 per share, from continuing operations compared with income of $314 million, or $0.05 per share, for the same period a year ago, beating analysts’ estimates.
Mack Leaving Morgan Stanley; Gorman Takes Over in 2012
Morgan Stanley said Thursday that John Mack will step down as chairman and leave the board at year-end, with CEO James Gorman succeeding him on Jan. 1.
2010 Q4 Earnings: Morgan Stanley’s Net Income Makes Big Jump on Strong Sales
Advisors with Morgan Stanley Smith Barney had $14.1 billion in net new client assets in the fourth quarter
Morgan Stanley Outlines Exec Shifts
In early December, Morgan Stanley announced key leadership appointments effective January 1, 2010, when James P. Gorman becomes CEO and president and John J....
Gorman Tapped as Morgan Stanley CEO
Morgan Stanley's Board of Directors has announced that Co-President James P. Gorman will become the firm's CEO, effective January 1, 2010, while Chairman and CEO...
Gorman to Lead Morgan Stanley; Should Become CEO in 2010
Leader of Morgan Stanley venture with Smith Barney and 18,450 advisors will also serve on firm's board of directors.
James Gorman Moves Up, as Zoe Cruz Bows Out
As of December 1, wealth-management head James Gorman, 49, and Morgan Stanley International chief Walid Chammah, 53, are co-presidents. They replace "retiring" co-president Zoe Cruz...
Securities and Bond Groups Merge, SIFMA Now Represents the Industry
(Boca Raton, Fla.) Last year, comedian Dennis Miller turned a few people off with his racy humor. This year, it was a new organization's name...