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Morgan Stanley's profit; China deal raises optimism for U.S. banks

Jan 16, 2020 - American Banker
Financial Results

Breaking News This Morning "Profiting

Morgan Stanley beat expectations withfourth-quarter profit growth up 46%.

Receiving Wide Coverage ...Bank earnings, continued

The second day of fourth quarter big bank earnings wasn't nearly as good as the first one, when JPMorgan Chase and Citigroup announced strong results. Bank of America's profit fell 4% "as the bank struggled to adjust to falling interest rates," the Wall Street Journal says. Revenue also fell modestly.

"The drop...