James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the New York-based bank’s board, according to the…
Check out the companies making headlines in extended trading. ServiceNow — The workflow company jumped 4.6% in after-hours trading on better-than-expected results from its third-quarter earnings report. ServiceNow posted $2.92 per share in earnings, excluding items, higher than the $2.56 in earnings per share expected from analysts polled by LSEG, formerly known as Refinitiv. ServiceNow…
Market Movers rounded up the latest reactions to Alphabet from investors and analysts. The pros, including Jim Cramer , talked about the tech giant a day after the company reported third-quarter results that beat on both earnings and revenue. The Google parent company also posted sales growth of 11% in the most recent quarter. Despite…
Check out the companies making headlines in midday trading. Microsoft — Shares jumped 2.5% as investors cheered the Xbox maker’s fiscal first-quarter results released Tuesday. Microsoft posted almost 13% year-over-year revenue growth, and its Azure cloud segment saw revenue gain 29% for the quarter. The Windows software maker also posted a rise in profit due…
Several of Wall Street’s biggest names convened in Riyadh, Saudi Arabia, for the kingdom’s annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy. Bankers speaking on panel discussions notably stressed headwinds — particularly in the short term — from multiple wars, an economic slowdown and…
A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), slightly beating expectations despite an 8% fall on the previous year and ongoing…
Check out the companies making headlines in extended trading. Microsoft — Shares jumped more than 3% after the maker of Windows software and Xbox video games reported fiscal first-quarter results that topped analysts’ estimates. Microsoft posted earnings per share of $2.99 on $56.52 billion in revenue. Meanwhile, analysts had forecast EPS of $2.65 on $54.50…
Market Movers rounded up the latest reactions to 3M ‘s stock moves from the pros, including Jim Cramer , after the company reported third-quarter beats on the top and bottom lines Tuesday. Mike Roman, CEO of 3M, joined CNBC’s ” Squawk on the Street ” to break down the company’s weaker sales volumes, but said higher selling…
Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central…
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Shares of cryptocurrency exchange Coinbase surged about 14% Tuesday morning as optimism about a long-awaited bitcoin spot ETF approval buoyed the…
