Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Morgan Stanley positioned for Fed-fueled liftoff

October 19, 2016 4:03 PM
3 0

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Morgan Stanley is positioned for a liftoff – but timing is in the hands of the U.S. Federal Reserve. Solid trading and cost cuts left the Wall Street bank earning $1.5 billion, 62 percent higher than the same period last year. That put annualized return on equity just shy of 9 percent, the lower end...

Also read: GE in talks to buy oilfield services provider Baker Hughes: WSJ

Read more

Share in social networks:

Comments - 0