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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…

Robinhood reaches record revenue in market revival

amefika8 months ago03 mins

Robinhood, the popular trading app, is preparing to announce its highest quarterly revenue in nearly three years, signaling a notable rebound in the stock markets and cryptocurrency trading. Rising bets on global interest rate cuts earlier this year boosted U.S. stocks and bitcoin to record highs, luring traders back into the market and boosting transaction-based…