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Morgan Stanley Earnings Beat Estimates on Trading Momentum, CFO Cites Record Backlog

amefika8 months ago04 mins

By Arasu Kannagi Basil (Reuters) – Morgan Stanley’s earnings beat estimates in the third quarter as a surge in deals drove revenue to record levels, and the company’s finance chief said its investment banking portfolio is at “all-time highs.” “It’s certainly possible that next year we could break 2021 deal volume records,” Chief Financial Officer…

Apple emerges as BofA’s top 2024 pick ahead of earnings report

amefika8 months ago02 mins

Bank of America has named Apple Inc. as its top pick for 2024, citing positive expectations about the tech giant’s upcoming financial results and long-term prospects. Analyst Wamsi Mohan highlights Apple’s resilient cash flows and promising catalysts. Apple’s long-awaited second-quarter results are scheduled to be released next week, with Bank of America expressing optimism about…