I write about banks for a living. Write about lots of stuff here. lacapra@gmail.com

Morgan Stanley shares surge as profit jumps 87 per cent

theglobeandmail.com — Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Net income attributable to common shareholders rose to $1.65-billion, or 84 cents per share, in the three months ended Sept.30 from $880-million, or 45 cents per share, a year earlier.

Goldman curbs bankers' compensation even as revenue surges

reuters.com — On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier. The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year.

Morgan Stanley, armed with cash from fixed income dump, goes shopping

reuters.com — Credit: Reuters/Mike Blake/Files The corporate logo for financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. It is reinvesting capital previously held against unprofitable trades into areas like municipal bonds, credit and securitization, where it sees opportunities for boosting profit, senior executives at the bank said on Friday.

Morgan Stanley profit jumps as trading activity rebounds

chicagotribune.com — (Reuters) - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. The bank's shares were up 2.7 percent at $33.40 in morning trading on Friday as both profit and revenue handily beat analysts' average forecast.

Goldman Curbs Bankers' Compensation Even As Revenue Surges

businessinsider.com — By Lauren Tara LaCapra NEW YORK (Reuters) - Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. And that means even when the bank's revenue spikes higher, bankers' bonuses won't.

Goldman curbs bankers' compensation even as revenue surges

reuters.com — Credit: Reuters/Lucas Jackson A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014. On Thursday, Goldman reported a 25 percent increase in quarterly revenue, but the money it set aside for compensation and benefits rose only 18 percent from the same period a year earlier.

Goldman profit jumps on busy quarter for mergers

bdlive.co.za — NEW YORK - Goldman Sachs on Thursday reported a 50% jump in quarterly profit as last month's increase in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards.

UPDATE 2-Goldman Sachs profit surges as bond trading picks up

reuters.com — Revenue from bond-trading jumps 74 pct to $2.17 bln * Total net revenue rises 25 pct to $8.39 bln * Shares down 2.7 pct amid global selloff (Adds details) By Lauren Tara LaCapra and Tanya Agrawal Oct 16 (Reuters) - Goldman Sachs Group Inc reported a 50 percent jump in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity helped to boost trading revenue.

Morgan Stanley uses client cash to chase private equity profits

reuters.com — Credit: Reuters/Mike Blake/Files The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. Unlike most of its rivals, Morgan Stanley has been building its private equity business using structures that are subject to the Volcker rule, which restricts the amount of money a bank and its employees can contribute to such funds.

INSIGHT-Morgan Stanley uses client cash to chase private equity profits

reuters.com — Unlike most of its rivals, Morgan Stanley has been building its private equity business using structures that are subject to the Volcker rule, which restricts the amount of money a bank and its employees can contribute to such funds. This, in turn, limits their profit-sharing and, some would argue, their alignment with investors' interests.
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