Morgan Stanley posts 3rd-quarter profit pass up as investment banking earnings collapses 55%

Vital Factors

Right here are the numbers: Earnings of $1.47 a share, when compared with $1.49 estimate of analysts surveyed by Refinitiv
Revenue of $12.99 billion, in comparison with the $13.3 billion estimate
Shares of the financial institution slumped 2.8% in premarket investing.

Supply

Finance

Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

May 15, 2025

Key Points Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. “We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” the central bank […]

Finance

Stocks making the biggest moves premarket: Walmart, Dick’s Sporting Goods, UnitedHealth, Alibaba and more

May 15, 2025

Check out the companies making headlines before the bell. Walmart – The discount retailer reported better-than-expected earnings , but shares were slightly lower in the premarket. Walmart posted an adjusted profit of 61 cents per share, beating an LSEG estimate of 58 per share. Revenue of $165.61 billion was about in line with the consensus […]

Finance

Key AI hub China restricts schoolchildren’s use of the tech

May 15, 2025

Key Points China is restricting how much children can use generative artificial intelligence in schools, according to a local release citing the Ministry of Education. Primary school students are prohibited from using unrestricted generative AI tools on their own, although an instructor may use the tech to assist in teaching, according to the local government […]