On Thursday, the 17th of October 2019, NY-based leading US multinational investment bank, Morgan Stanley, had reported a better-than-anticipated quarterly earnings’ profit, buoyed up a bolstered bond trading alongside M&A advisory, nonetheless, in a post-earnings’ call, Morgan Stanley executives did not sound as optimistic as the quarterly report had been for the rest of the year.
In point of fact, identical to other big-league lenders, having had to navigate through a falling interest rate, a volatile market alongside a rumbling uproar of recession signals throughout the third quarter, Morgan Stanley had performed relatively well and posted an overall profit of 3 per cent, beating a Wall St.
estimate by a fair margin. Meanwhile, suggesting that a fifteen-month long Sino-US trade dispute, possibilities of further monetary policy easing alongside an uncertain Brexit outlook and geopolitical hobbles could stress the result over Q4, 2019, Morgan Stanley Chief Executive, James Gorman had been quoted saying in a post-earnings’ call, “Fourth (quarter) was off to a good start.
We remain cautious today as trade talks swirl and interest rates continue to be debated. ” According to Morgan Stanley’s quarterly earnings’ report for Q3, 2019, the NY-based lender’s operating profit rose to $2.2 billion from a $2.1 billion earlier or $1.17 per share on a year-on-year basis, while net revenues had been marginally higher to $10 billion from $9.9 billion a quarter earlier.