Morgan Stanley has reported second-quarter earnings that surpassed analysts’ estimates, with profit and revenue coming in stronger than expected. The bank reported earnings of $1.82 per share, compared to the $1.65 per share estimated by LSEG. Additionally, revenue reached $15.02 billion, exceeding the $14.3 billion estimate. This indicates a significant improvement from the year-earlier period,
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America is currently facing a severe housing crisis, with a tight supply of homes leading to a scarcity of affordable housing options. This crisis is exacerbated by persistently high mortgage rates, making it increasingly difficult for individuals to find suitable housing. The impact of this crisis varies from state to state, with companies taking the
Phoenix is making a return to the municipal market with its first new money general obligation bond issue in over a decade. Chief Financial Officer Kathleen Gitkin expresses high expectations for the $238.8 million tax-exempt and taxable deal scheduled to price through a Piper Sandler-led underwriting team. The city has not issued new money GO
As the second-quarter earnings season gains momentum, Mark Mahaney from Evercore ISI has made some strategic updates to his list of tactical calls. Mahaney, the head of internet research at the firm, has expressed a positive outlook on the large-cap internet sector for the remainder of the year. Despite the significant 34% rally in the
The U.S. dollar has been subject to significant fluctuations in early European trade as a result of recent political events. With the increased chance of former President Donald Trump returning to the White House, traders have been left grappling with the implications of this scenario on the value of the dollar. The Dollar Index, which
Recent speculations surrounding potential friendlier crypto regulations in the U.S. have contributed to a surge in Bitcoin price. Traders are optimistic that a second term for Donald Trump in the 2024 presidential race could lead to a more conducive regulatory environment for cryptocurrencies. As a result, Bitcoin rose by 2.3% in the past 24 hours
The US Securities and Exchange Commission (SEC) has indicated that they are likely to approve Ether exchange-traded funds (ETFs) by July 22nd, based on information from industry sources. At least three of the eight firms in question have been informed of this potential approval, with instructions to submit final offering prospectuses by the end of
The senior housing industry is positioned for growth as the American population continues to age, presenting a unique investment opportunity for those looking to capitalize on this demographic trend. Bank of America analyst Joshua Dennerlein has identified Ventas as a key player in this sector, with the potential for significant upside in the coming years.
As second-quarter earnings season kicks into high gear, investors are keeping a close eye on several key stocks set to report their financial results. Among them is streaming giant Netflix, which is scheduled to release its second-quarter earnings on Thursday. With the stock already up about 35% in 2024, Netflix has one of the highest
Federal Reserve Chair Jerome Powell recently confirmed during an interview at the Economic Club of Washington, D.C. that he will complete his term as the top official within the Fed Board of Governors, which ends in May 2026. However, Powell declined to comment on what might happen after that term. This announcement comes as Washington