Morgan Stanley shares have climbed after the US bank posted better-than-expected results in its fixed income trading and wealth management divisions. The bank reported $2.43bn profit in the first quarter of the year, beating expectations despite falling from $2.67bn the previous year. Read more: Morgan Stanley trading revenue hit by sharper fall than peers Fixed income revenue of $1.71bn - nine per cent down on the same period in 2018 - beat analysts’ estimates by $200m, driven by gains in credit risk management, the bank said. Its wealth management division, which accounts for around half of the bank’s annual revenue, saw revenues rise slightly to $4.39bn. Investors were buoyed by the results as shares jumped 2.5 per cent to seven-month highs. Investment banking revenue fell 24 per cent to $1.15bn on lower advisory fees from M&A and stock underwriting. In the fourth quarter of last year Morgan Stanley’s fixed income trading suffered the sharpest fall among its … [Read more...] about Morgan Stanley shares climb as results beat expectations despite ‘slow’ start to the year
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Job-seekers, just like employers, want to find the best fit possible -- and that means asking questions that go below the surface. Peter Daisyme Published 11:00 am CST, Friday, February 1, 2019 Photo: Caiaimage | Paul Bradbury | Getty Images Photo: Caiaimage | Paul Bradbury | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Caiaimage | Paul Bradbury | Getty Images 4 Questions That Can Point You to the Right Company 1 / 1 Back to Gallery Job-seekers often feel that employers hold all the cards. They feel that they’re selling themselves to a buyer with lots of options and that they themselves need to be flexible and accommodating. They want to cast themselves … [Read more...] about 4 Questions That Can Point You to the Right Company
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The Week in Business: Who Wanted a Slow Start to the New Year, Anyway? Supported by with interest ByCharlotte Cowles Jan. 6, 2019 Want this column in your inbox? Sign up here. If you’re like me, you aspired to leap into January bright-eyed and ready to break all sorts of personal productivity records. But instead, here we are, scrambling as usual and digging through backlogs of emails that have sat unchecked since the Friday before Christmas. Allow us to lighten your load, especially after a crammed three-day workweek. Here’s a quick, painless briefing of the top stories in business and tech, plus what to look for in the week ahead. Feel like you need another vacation already? Read the 2018 recap from our 52 Places Traveler, and resolve to visit somewhere on her list this year — or … [Read more...] about The Week in Business: Who Wanted a Slow Start to the New Year, Anyway?
Gallery: Haslam reflects on record: '8 years trying to get to the right answer instead of just our answer or the political answer' +5 more photos NASHVILLE — As he prepares to leave office next month, Tennessee Republican Gov. Bill Haslam can look back on a record that includes a groundbreaking program offering tuition-free community college scholarships as well as improved student test scores, record job creation, a new road-funding program and more. But ask him what he thinks his administration's legacy will be after eight years in office and the 60-year-old former Knoxville mayor says that verdict is pretty much out of his hands. "Other people will decide that," said Haslam, who won national acclaim for his 2014 program called Tennessee Promise, which offers last-dollar aid to recent high school graduates to attend community and technical colleges. Still, the governor does have thoughts about what was most important to him as he prepares to depart office on Jan. 19 when … [Read more...] about Haslam reflects on record: ‘Eight years trying to get to the right answer instead of just our answer or the political answer’
Charitable donations are good, but when it comes to impact, not all giving is created equal. Tiffany Delmore Published 6:30 am CST, Friday, November 30, 2018 Photo: CatLane | Getty Images Photo: CatLane | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: CatLane | Getty Images Are Your Charitable Donations Getting to the Right People? Here's How to Be Sure. 1 / 1 Back to Gallery Whatever their other shortcomings, Americans are generous people. For the first time last year, U.S. individuals and organizations gave more than $400 billion to nonprofits and philanthropic foundations. Unfortunately, no matter how much Americans raise this year, the fact is that not every … [Read more...] about Are Your Charitable Donations Getting to the Right People? Here’s How to Be Sure.