JAMES GORMAN

Gov. Kathy Hochul signed the laws in anticipation of the Supreme Court possibly overturning Roe v. Wade.

The odds of a recession may be rising, but it’s unlikely to be a deep one, said Morgan Stanley CEO James Gorman.

Morgan Stanley reported first-quarter earnings before the opening bell on Thursday.

The number of family offices has exploded in the past decade, and the once-sleepy entities are now deep into private equity, hedge funds and other assets.

This is no time for brazen acts just to prove credibility. Wall Street’s aggressive forecasts should be tamed.

Investment bank Morgan Stanley says its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business.

How will Morgan Stanley navigate the next phase in markets?

The Federal Reserve should raise interest rates soon to combat a future downturn, Morgan Stanley CEO James Gorman said Monday.

In June, Gorman told conference attendees that he would be "very disappointed" if his workers hadn't returned to Morgan Stanley buildings by Labor Day.

Morgan Stanley is well positioned for the moment.

Staff, clients and visitors will all need to be double jabbed to enter to investment bank's offices.

Morgan Stanley may be ideally suited for the moment.

Wall Street executives are pushing vaccinated workers to return to work and that's good news for vendors and other New York small businesses that depend on workers from finance.

Banks have regained flexibility in how they choose to dole out capital to shareholders in the form of dividends and buybacks.

Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card.

Beginning next month, vaccination will be mandatory for the bank's staffers, contingent workers, clients and visitors.

"If you want to get paid New York rates, you work in New York," James Gorman said about returning to the office.

“If you can go to a restaurant in New York City, you can come in to the office,” James Gorman said.

The investment bank, along with NatWest, is reviewing plans for staff to come back to the office.

Morgan Stanley's chief executive said New York-based employees should be ready to return to the workplace.

Executives pledged to make diversity a priority, but the past year has highlighted how difficult it is to implement change in corporate America

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

The changes atop Morgan Stanley come days after JPMorgan Chase set up potential successors to CEO Jamie Dimon.

The impact on Wall Street of the epic meltdown of Archegos is coming into clearer view.

The bank posted first-quarter adjusted profit of $2.22 a share, easily beating projections of $1.70.

Morgan Stanley on Wednesday posted fourth-quarter profit and revenue that exceeded analysts' expectations on strong trading, investment banking and wealth management results. "The firm produced a very strong quarter and record full-year results, with excellent performance across all three businesses and geographies," CEO James Gorman said in the release. Expectations were high after robust trading and investment banking results at rivals Goldman Sachs and JPMorgan Chase helped drive earnings beats, and Morgan Stanley didn't disappoint. Equities trading produced $2.49 billion in revenue, $350 million more than the $2.14 billion estimate. Morgan Stanley has the biggest wealth management business among the six largest U.S. banks, operations that typically benefit from rising markets.

Morgan Stanley beat analysts' estimates for third-quarter revenue and profit, fueled by better-than-expected results from the firm's Wall Street trading operations. Morgan Stanley, which has been Wall Street's most aggressive acquirer with $20 billion in takeovers this year, appeared to be firing on all cylinders. Revenue: $11.7 billion, vs $10.64 billion estimate. Wealth management: $4.66 billion in revenue vs. $4.45 billion estimate from FactSet. Trading: Equities revenue of $2.26 billion vs $2.19 billion estimate, fixed Income revenue of $1.92 billion vs $1.59 billion estimate.

Morgan Stanley CEO James Gorman has just completed a pivot that began more than a decade ago. The bank began that journey in early 2009 when Morgan Stanley purchased Smith Barney from Citigroup in the throes of the financial crisis, gaining thousands of financial advisors in the process. "We wanted to make sure that in very difficult times Morgan Stanley is steady in the water," Gorman said Thursday in a call with analysts. "A decade ago, our asset management and wealth management businesses had bright spots in them, but they weren't big enough, they weren't at scale enough where they can provide real stability to the rest of the organization." The bank recently reshuffled the heads of his asset management and consumer and wealth management divisions.

NEW YORK – Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion. Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50 per share. Based on the $56.50 per share, the amount paid to Eaton Vance shareholders will consist of about 50% cash and 50% Morgan Stanley common stock. Eaton Vance shareholders will also receive a one-time special cash dividend of $4.25 per share to be paid before the transaction's closing by Eaton Vance to its shareholders from existing balance sheet resources. Shares of Eaton Vance Corp. spiked 47% at the opening bell Morgan Stanley rose slightly.

BlackRock (BLK) The asset management firm reported quarterly earnings of $6.60 per share, beating the consensus estimate of $6.36 a share. Abbott Laboratories (ABT) The health-care company reported quarterly profit of 65 cents per share, 7 cents a share above estimates. Bank of New York Mellon (BK) The bank beat estimates by 17 cents a share, with quarterly earnings of $1.05 per share. The investment bank is seeking new business from companies facing financial difficulties as a result of the virus outbreak. Smucker was upgraded to "neutral" from "underperform" at Credit Suisse, which expects food producers to benefit from increased at-home food consumption due to the virus outbreak.

Morgan Stanley on Thursday posted first-quarter profit that missed analysts' expectations and warned that a sole bright spot for the industry, robust trading results, may prove to be fleeting. Morgan Stanley shares dipped less than 1%. Under Chief Executive Officer James Gorman, Morgan Stanley has emphasized its wealth management division as a steadier business than its trading operations. But Morgan Stanley still has the biggest stock trading business on Wall Street, and rivals have reported large gains from trading during a volatile first quarter. Morgan Stanley is the last of the six largest U.S. banks to report results.

Morgan Stanley CEO James Gorman sees the coronavirus-induced global recession lasting for the entirety of this year and 2021. "If I were a betting man, it's somewhere between a `U' or 'L'" shaped recovery, Gorman told CNBC on Thursday in an interview. "I would say through the end of next year, we're going to be working through the global recession." "We're not going to get to the point where everybody is on the subway in one day. Read more: Jamie Dimon says US companies might send employees back to work by 'June, July, August'

Morgan Stanley CEO James Gorman fell ill with the coronavirus about three weeks ago and has since recovered and been cleared by physicians, according to a company spokesman. The executive remained in charge of Morgan Stanley the entire time he was ill and has been working from home, according to spokesman Wesley McDade. Gorman, 61, is the first Wall Street CEO to disclose that he has tested positive for the coronavirus. Since the coronavirus crisis deepened last month, banks have sent employees home and boosted pay for workers who staff branches and call centers. Gorman has run Morgan Stanley, a leader in wealth management and equities trading, since 2010.

Morgan Stanley Chairman and CEO James Gorman said Wednesday that the dramatic pullback in stocks in the first quarter is an example of why the bank is acquiring online broker E-Trade. They've had very little disruptions in their platform, and this is exactly the kind of reason why we wanted to buy this business," Gorman said on "Closing Bell." It's more wealth management revenue, it's more stability, it's less volatile than the core markets business," Gorman said. The bank's stock closed at $56.31 per share the day before the announcement and closed below $32 per share on Wednesday, a drop of more than 43%. "As both stocks have moved and would have moved post-crisis, I'm very comfortable with having done an all-stock deal," Gorman said.

Morgan Stanley CEO James Gorman told his employees that despite the upheaval caused by the coronavirus pandemic, their jobs will be secure through this year. "I am sure some, if not many, of you are worried about your jobs," Gorman said Thursday in a staff memo. Morgan Stanley, a top player in wealth management, investment banking and equities trading, had 60,431 employees at year-end. About 90% of the bank's employees were working from home to reduce the spread of the coronvirus, according to Gorman. Gorman also praised the actions of governments around the world to combat the job losses and economic impact of the pandemic.

(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O'Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank of New York Mellon Corp., and David Solomon, chief executive officer of Goldman Sachs & Co., are sworn in before a House Financial Services Committee hearing on April 10, 2019 in Washington, DC. The group which includes JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two other banks said in a statement that the pandemic was an "unprecedented challenge." Buybacks are one way for companies to return capital to their shareholders and can help boost the price of stocks. Fed Chairman Jerome Powell said in a press conference on Sunday that the Fed has given "broad, general guidance" to the major banks. The two other member banks of the forum are State Street and Bank of New York Mellon.

U.S. President Donald Trump (L) is introduced by White House economic adviser Larry Kudlow during an Opportunity Zone conference with state, local, tribal and community leaders, in the Eisenhower Executive Office Building. The leaders of the biggest U.S. banks are scheduled to meet with President Donald Trump on Wednesday afternoon as the U.S. government grapples with the spread of the coronavirus. CEOs expected to attend the 3 p.m. Gordon Smith, co-president of JPMorgan Chase, the biggest U.S. bank, will attend in place of CEO Jamie Dimon, who is recovering from heart surgery. One CEO not expected to attend is Morgan Stanley's James Gorman, who recently engineered a $13 billion takeover of E-Trade.

Wall Street investment bank Morgan Stanley will acquire E-Trade for $13 billion, the companies said on Thursday, the latest in a consolidation wave for the brokerage industry. Morgan Stanley will pay $58.74 a share in stock for E-Trade in a deal bringing together $3.1 trillion in client assets. In the past, Morgan Stanley has struggled to raise deposits to fund loans to its wealthy clientele. "They both have leading corporate stock plan businesses and a big part of Morgan Stanley's growth initiative for the year in wealth management is converting those customers to Morgan Stanley wealth management customers. CEO of E-Trade Mike Pizzi will be joining Morgan Stanley and continue to run the business and integration within the Morgan Stanley franchise.

Morgan Stanley announced Thursday that it is buying E-Trade for $13 billion in an all-stock deal. Here's what Morgan Stanley's CEO and three others are watching now. James Gorman, chief executive of Morgan Stanley, shared the goal behind the acquisition. Roger Altman, founder of Evercore, said this is a smart move for Morgan Stanley. "It reminds me a little bit of the Dean Witter deal by Morgan Stanley many decades ago, this is the 2020 version of that.

Morgan Stanley CEO James Gorman acted as his bank's deal-maker-in-chief when he approached E-Trade in December with an offer, according to the people. Media reports and analysts speculated that Goldman or possibly Morgan Stanley could purchase E-Trade. One reason: The bank's own direct-to-consumer play, Marcus, had already gathered more than $50 billion in consumer deposits, the cheap funding source that Morgan Stanley would be getting in the E-Trade takeover. After the seller persuaded Morgan Stanley to increase its all-stock offer at least twice, the broker's board finally became comfortable with the valuation. During talks, Morgan Stanley referred to E-Trade with the code name "Eagle," according to the people.

James Gorman, chief executive officer and chairman of Morgan Stanley, speaks during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on Wednesday June 12, 2019. Morgan Stanley announced Thursday that it is buying E-Trade, an online brokerage and digital bank, for $13 billion. Morgan Stanley clients have an average $175,000. Morgan Stanley will merge its full-service, financial-advisor-driven business model with E-Trade's digital brokerage and banking business. "They're running plays from the same playbook," McBride said of Morgan Stanley and Goldman Sachs.

Morgan Stanley , the tony investment bank for rich Americans and corporations, is making a play for the masses with its $13 billion takeover of discount brokerage pioneer E-Trade . Morgan Stanley "will look to couple their advisor-driven model with ETFC's direct-to-consumer and digital capabilities," Piper Sandler analyst Richard Repetto said in a note. But perhaps most importantly, Morgan Stanley will gain access to E-Trade's $56 billion in deposits. The deal also gives Morgan Stanley a business that has been squeezed by the race to zero among discount brokers. That has helped depress E-Trade's stock price and gave it motivation to give up on independence.

Morgan Stanley shares popped Thursday after the firm exceeded analysts' profit estimates and each of its three main businesses produced more revenue than expected. Revenue climbed 27% to $10.86 billion, exceeding the $9.72 billion estimate by more than $1 billion. In a quarter in which competitors from J.P. Morgan Chase to Goldman Sachs posted huge rebounds to fixed income trading revenue, analysts wanted to see if Morgan Stanley would follow suit. In his decade atop Morgan Stanley, Gorman has tilted the bank toward wealth management and overhauled its once-struggling bond trading division. Morgan Stanley is the last of the six largest U.S. banks to report results.

The headline on the trade deal no new tariffs, some existing tariffs reduced is positive, but something the market has long anticipated. Bears say trade tension will not go away and a lack of global growth will keep a lid on markets in 2020.Who's right? That concern about global growth was echoed by Morgan Stanley CEO James Gorman, who said China growth was a top issue for the global economy in 2020. The biggest check on global growth may be the realization that the trade war is not over. Is this trade deal a credible de-escalation of the trade war?

At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some emerging market currency trades, acccording to Bloomberg, which cited people with knowledge of the matter. At least some of the traders, who are based in New York and London, would be leaving the firm, the report said. Revenue from trading remains important for the bank, even as CEO James Gorman shifts the bank's focus from its trading and advisory businesses to its wealth management services. A representative from Morgan Stanley declined to comment.

[The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance in Washington, D.C.Their comments came after both banks posted better-than-expected earnings earlier in the week. J.P. Morgan Chase shares hit an all-time high after the banking giant released its results. Morgan Stanley's stock also got an earnings boost.

Check out the companies making headlines before the bell:Morgan Stanley Morgan Stanley reported third-quarter profit of $1.27 per share, beating estimates by 16 cents a share. Honeywell Honeywell beat estimates by 7 cents a share, with adjusted quarterly profit of $2.08 per share. Revenue fell short of Wall Street forecasts, however. Netflix Netflix reported quarterly profit of $1.47 per share, compared to a consensus estimate of $1.04 a share. Revenue was in line with Wall Street forecasts and Netflix saw an addition of 6.77 million paying subscribers during the quarter.

Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million on better-than-expected results in the firm's wealth management and investment management divisions. Morgan Stanley's wealth management division, one of the biggest in the world, posted a record $4.41 billion in revenue, exceeding analyst's estimate by $60 million. Its investment management division, an asset manager that creates mutual funds, posted $839 million in revenue, exceeding estimates by about $130 million. Rising markets helped in "both the wealth business, in terms of the assets we manage, as well as our investment management business," Chief Financial Officer Jonathan Pruzan said in a phone interview. Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.

Check out the companies making headlines before the bell:Morgan Stanley The investment bank reported quarterly profit of $1.23 per share, 9 cents a share above estimates. UnitedHealth The health insurer reported adjusted quarterly profit of $3.60 per share, 15 cents a share above estimates. Netflix Netflix reported quarterly profit of 60 cents per share, 4 cents a share above estimates. Revenue beat forecasts as well. Kinder Morgan Kinder Morgan reported earnings of 22 cents per share for the second quarter, 2 cents a share below forecast.

Morgan Stanley CEO James Gorman said that China and the U.S. must come to a truce in its trade dispute because a full-blown trade war would be devastating for the global economy. "We can't have a trade war," Gorman said in an interview Thursday with CNBC's Wilfred Frost. "It will have a devastating effect to the global economy. That doesn't mean there can't be changes to the way the trade agreements are being written." "This is a resetting of a relationship with what is now the second largest economy in the world; China is a $12 trillion economy with all its trading powers."