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Morgan Stanley Profit Rises
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ASML falls sharply after issuing a growth warning, while Goldman Sachs, Morgan Stanley, and Bank of America post better-than-expected quarterly earnings.
Bank of America is working on launching a stablecoin, and investors can expect the lender to move forward with the cryptocurrency, CEO Brian Moynihan said on Wednesday, without giving a timeline. Stablecoins,
Executives at the New York bank said that strategic activity has started to pick up over the last month. Morgan Stanley also reported second-quarter revenue and earnings that beat analysts' expectations.
Morgan Stanley’s profit beat Wall Street estimates in the second quarter as its traders cashed in on volatile markets, but shares fell since the market opening as its investment banking revenue shrank.
Morgan Stanley (MS) turned in better-than-expected Q2 earnings and revenue on Wednesday, reflecting strong net interest income as wealth management revenue increased quarter-over-quarter and year-over-year.
Global oil inventories have swollen at a rapid clip in recent months, but given the bulk of the increase has been in the Asia-Pacific, prices have been able to hold their ground for now, according to Morgan Stanley.
Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline.
Q2 2025 Management View CEO Edward N. Pick emphasized a strong performance despite a volatile start to the quarter, highlighting "$16.8 billion in revenue, $2.13 in EPS and an 18.2% return on tangible" for Q2.
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