Morgan Stanley Misses Analysts’ Profit Expectations on Worse-Than-Expected Investment Banking

Seeking Alpha2022-07-14

Morgan Stanleyposted results on Thursday below analysts’ expectations for second quarter profit and revenue on weaker-than-expected investment banking revenue.Here are the numbers:Earnings of $1.39 ...

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    2022-07-15
    Pokkypok
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  • Leeverp001
    2022-07-15
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  • robot1234
    2022-07-15
    robot1234
    JPMorgan suspends buybacks, warns on global economy as profit slumps. JPMorgan Chase & Co's Jamie Dimon struck a cautious note on the global economy as America's largest bank reported a worse-than-expected 28% fall in quarterly profit and suspended share buybacks in the face of growing risks of a recession.The chief executive also stressed the need to build capital reserves due to increasing requirements from regulators, while flagging a number of concerns including the war in Ukraine, high inflation and the "never-before-seen" quantitative tightening as threats to global economic growth. JPMorgan's shares slid nearly 5% as the bank recorded $1.1 billion in provision for credit losses, including a $428 million boost in loss provisions. Last year, the bank had released $3 billion f
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    2022-07-14
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