Coronavirus: Business

Morgan Stanley tops analysts’ expectations on better-than-expected trading results

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[ad_1] Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Wednesday topped estimates for first quarter profit and revenue on better-than-expected trading results. Here’s how the company did: Earnings of $1.70 per share, vs. $1.62 Refinitiv estimate … Read more

JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%

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[ad_1] JPMorgan Chase posted record first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from a year ago on higher rates. Here’s what the company reported: Adjusted earnings: $4.32 per share vs. $3.41 per share Refinitiv estimate Revenue: $39.34 billion, vs. $36.19 billion The bank said profit jumped 52% … Read more