MS News Explorer

(Bloomberg Markets) -- You wouldn’t have known JPMorgan Chase & Co. had just reported its best quarter by the way Jamie Dimon talked about his competition in July 2023. “They’re dancing in the streets,” the chief executive officer said, referring to hedge funds and private equity firms that were piling into the lending business as banks like his faced higher capital requirements.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus

Experts believe that if the Trump trade continues to drive the stock market rally higher, a flood of IPOs will soon follow suit.

Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI.

The major averages rose on Wednesday, while the 30-stock Dow posted another record close.

Eyes are on results from Morgan Stanley and others for reasons for stocks to rebound to record highs.

Eyes are on results from Morgan Stanley and others for reasons for stocks to rebound to record highs.

Profits at Morgan Stanley jumped 32% as investment banking and trading results exceeded analyst expectations.

Eyes are on results from Morgan Stanley and others for reasons for stocks to rebound to record highs.

Morgan Stanley has several tailwinds in its favor, from high stock values to a rebound in investment banking and strong trading activity.

Top finance leaders are becoming convinced that the tech will transform their businesses.

James Herbert was permitted to sell nearly $7 million of shares before First Republic Bank’s demise last year, Massachusetts regulators said.