Tuesday, March 11

Tag: wealth management

Goldman Sachs Veteran to Become CEO of Asset-Management Firm
22Oct By adminNo Comments
World

Goldman Sachs Veteran to Become CEO of Asset-Management Firm

Goldman Sachs veteran Luke Sarsfield, one of several executives to leave the bank recently, is set to become chief executive of asset manager P10.Dallas-based P10, which specializes in so-called alternative investments, plans to announce the move Monday, people familiar with the matter said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue
18Oct By adminNo Comments
Money

Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue

Updated Oct. 18, 2023 1:29 pm ETMorgan Stanley said third-quarter profit fell 9% from a year ago, hit by a sharp decline in deal making.Investment-banking revenue dropped 27%, far worse than at other banks. Within that, fees from advising corporate clients on mergers and acquisitions fell by more than 30%. So did revenue from underwriting bond offerings.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue
18Oct By adminNo Comments
Money

Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue

Morgan Stanley said third-quarter profit fell 9% from a year ago, hit by a sharp decline in deal making.Investment-banking revenue dropped 27% to $938 million. Fees from advising corporate clients on mergers and acquisitions fell by more than 30%. So did revenue from underwriting bond offerings. The bank did post an increase in equity underwriting. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue
18Oct By adminNo Comments
World

Morgan Stanley’s Earnings Fall 9% on Lower Investment-Banking Revenue

Morgan Stanley said third-quarter profit fell 9% from a year ago, hit by a sharp decline in deal making.Investment-banking revenue dropped 27% to $938 million. Fees from advising corporate clients on mergers and acquisitions fell by more than 30%. So did revenue from underwriting bond offerings. The bank did post an increase in equity underwriting. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop
17Oct By adminNo Comments
World

Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

Updated Oct. 17, 2023 10:16 am ETGoldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop
17Oct By adminNo Comments
Money

Goldman Sachs, Pulling Back From Consumer Lending, Posts 33% Profit Drop

Updated Oct. 17, 2023 10:16 am ETGoldman Sachs reported lower profit for the third quarter, hurt by losses from selling off pieces of its consumer-lending business and a big drop in revenue in its asset and wealth-management division.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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