Morgan Stanley reported 60% profit growth in Q1 2015

Noam Stiekema

The US investment bank Morgan Stanley reported 60% profit growth in first quarter of 2015, boosted by higher revenues from trading in shares and bonds. The net profit of the lender rose to 2.31 billion USD, or 1.18 USD per share for the first quarter ended on March 31st. An year earlier Morgan Stanley reported […]

Morgan Stanley

Morgan StanleyThe US investment bank Morgan Stanley reported 60% profit growth in first quarter of 2015, boosted by higher revenues from trading in shares and bonds. The net profit of the lender rose to 2.31 billion USD, or 1.18 USD per share for the first quarter ended on March 31st. An year earlier Morgan Stanley reported a profit of 1.45 billion USD, or 0.74 USD per share.

Excluding one-off effects, the bank earned 1.14 USD per share. The analysts expected earnings of 0.78 USD per share.

Meanwhile it became clear that Morgan Stanley is in talks to pay 500 million USD to settle an investigation by the New York judicial authorities, as to whether the investment bank misled investors when selling mortgage bonds that have lost value during the financial crisis. According to the The Wall Street Journal deal with the prosecutor in New York Eric Schneiderman is discussed at the moment, as conditions have changed. Morgan Stanley, however, will have to raise its legal reserves could eventually reach an agreement with the judicial authorities. Earlier, the office of the Prosecutor General Schneiderman indicated that Morgan Stanley had omitted key details on the assets that were secured bonds. The bank countered, however, that do not agree with the allegations. However, in March, Reuters reported that Morgan Stanley is in talks to reach an agreement.

Employees of the investment bank were not available for comment.

Read this next

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.

Retail FX

Hantec Markets wins six categories at Global Retail Forex Awards 2022

Hantec Markets has recently rebranded with a new website and a renewed growth strategy that features the #TimeToStrike hashtag to signify a time of renewed growth for the broker.

Industry News

Nexo sued for operating crypto brokerage without license and lying about it

“Nexo violated the law and investors’ trust by falsely claiming that it is a licensed and registered platform. Nexo must stop its unlawful operations and take necessary action to protect its investors.”

Industry News

Apex Group launches EU Taxonomy Solution as part of ESG offering

“Enabling our in-scope clients to demonstrate alignment with the EU Taxonomy is only the beginning – with over twenty green taxonomies in place, in development or under discussion worldwide it is crucial that investors act to understand and report taxonomy alignment data sooner, rather than later.”

<