Morgan Stanley reported a profit of $2.49-billion, or $1.47 per share, for the quarter ended Sept. 30, compared with $3.58-billion, or $1.98 per share, a year earlier
on Friday reported a drop in third-quarter profit, as a slowdown in global deal making hurt the investment bank’s core underwriting business, sending shares down 3 per cent before the bell.
The outlook for deals has steadily worsened this year as the U.S. Federal Reserve raises interest rates to tame inflation, clouding the economic growth outlook, while the highs of a record last year draws tough comparisons. Global M&A lost ground for the third straight quarter with volumes in the U.S. plummeting nearly 63 per cent as the rising cost of debt forced companies to delay big buyouts.
Turmoil in the financial markets triggered by the Ukraine war and rapidly rising interest rates have depressed investor sentiment, prompting companies to delay going public.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dierks Bentley, Morgan Wallen and Dallas Smith to headline 2023 Big Valley Jamboree | Globalnews.caBig Valley Jamboree will once again take over Camrose next summer, from Aug. 3-6, 2023. Headliners include Morgan Wallen, Dierks Bentley and Dallas Smith.
Read more »
Heartland's Michelle Morgan takes the helm as director for episode of Season 16Heartland's Michelle Morgan takes the helm as director for episode of Season 16 yyc
Read more »
Officers remembered for service to communityConst. Devon Northrup was a member of the mental health crisis and outreach team and Const. Morgan Russell was a trained crisis negotiator.
Read more »
Officers remembered for service to communityConst. Devon Northrup was a member of the mental health crisis and outreach team and Const. Morgan Russell was a trained crisis negotiator.
Read more »