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Morgan Stanley's Q1 wealth management revenue rose 11% to $6.6bn YoY, but stock value fell as investment banking and trading revenues decreased, dragging total revenue down by 2% to $14.5bn for the quarter.
FTSE Russell says will delete Chinese telecoms firms from global indexesIn a statement dated Jan. 7, FTSE Russell said it would delete China Mobile, China Telecom and China Unicom Hong Kong from the FTSE Global Equity Index Series (GEIS).
from Stocks-Markets-Economic Times https://ift.tt/3njapFK… Read MoreAsian stocks jump as revived recovery hopes push Wall Street to new highsThe broadly upbeat mood came after Wall Street hit record highs on Thursday while bond prices fell as markets bet a new Democrat-controlled government would lead to heavy spending and borrowing to support the U.S. economic re… Read MoreSGX Nifty up 50 points; here's what changed for market while you were sleepingAsian stocks open higher on Friday, with Japan hitting a three-decade high as investors looked beyond rising coronavirus cases and political unrest in the United States and bet on an economic recovery later in the year.
from… Read MoreBanks' Q3 show may not be that impressiveOverall large private sector banks are likely to continue outperforming their mid and small size peers and also public sector counter parts due to their cost efficiencies. Banks may also use their provisions kept against covi… Read MoreStocks in the news: TCS, Biocon, NTPC, Union Bank, Tata Power and JSW SteelPower giant NTPC served notices to six states and two Union Territories for non-payment of dues.
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