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Bank earnings: Bank of America, Morgan Stanley top estimates, but Schwab’s revenue outlook lags
Last Updated: Jul 16, 2024 at 12:13 pm ET
Bank of America and Morgan Stanley stocks rose after their stronger-than-expected results. Schwab stock dropped about 7% after it fell short of its net interest income estimate and issued a revenue growth outlook below Wall Street analyst projections. The updates come on the heels of favorable deal-making and market activity reported by other big banks.
Morgan Stanley finance head says NII may be soft in Q3 as bank plans changes to sweep deposits #Morgan #Stanley #finance #NII #soft #bank #plans #sweep #deposits
Source Link: https://www.marketwatch.com/livecoverage/bank-of-america-morgan-stanley-schwab-earnings-profit-wall-street-big-banks/card/morgan-stanley-finance-head-says-nii-may-be-soft-in-q3-as-bank-plans-changes-to-sweep-deposits-CDy6eXpuAoKFzqQNb4NL
Morgan Stanley finance head says NII may be soft in Q3 as bank plans changes to sweep deposits – Information Important Online
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