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Morgan Stanley appoints Vince Lumia as head of wealth management client segments

Morgan Stanley appoints Vince Lumia as head of wealth management client segments
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Morgan Stanley profit falls as one-time charge blunts investment banking rebound

(Reuters) -Morgan Stanley's revenue beat fourth-quarter expectations on Tuesday, as debt underwriting powered a rebound in investment banking, but its profit took a hit due to $535 million in charges. "We are not changing our guidance to 2024, and we are optimistic and working on a premise of a soft landing," said Chief Financial Officer Sharon Yeshaya in an interview with Reuters. Investment banking revenue rose 5% in the fourth quarter from a year ago, outperforming the broader industry.

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Morgan Stanley revenue beats on investment banking rebound, takes $535 million in charges

Morgan Stanley revenue beats on investment banking rebound, takes $535 million in charges
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New yorkUnited statesManya sainiArun koyyurLananh nguyenJames gormanSharon yeshayaTatiana bautzerChris kotowskiGoldman sachsMorgan stanleyChief financial officer sharon yeshayaWall street

Morgan Stanley profit falls on one-time charges

Morgan Stanley s fourth-quarter profit dropped, hurt by one-time charges tied to a Federal Deposit Insurance Corporation s special assessment. The bank s net income fell to $1.5 billion,.

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WRAPUP-Wall Street banks express optimism but warn of risks ahead

CEOs of investment banking giants expressed optimism about a resurgence in capital markets when they reported fourth quarter earnings on Tuesday on an improving deal pipeline and U.S. economy, but.

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