Morgan Stanley (NYSE: MS) reported third-quarter 2020 financial results before the opening bell on Thursday. The banking giant reported a 16% rise in Q3 revenues to $11.7 billion, beating the Wall Street consensus. Earnings of $1.59 per share were also stronger than what analysts had anticipated.
MS shares fell 1.28% immediately following the announcement. The stock has slipped 2% since the beginning of this year.
CEO James P. Gorman said, “We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns.”
JetBlue Airways Corporation (NASDAQ: JBLU) reported third quarter 2020 earnings results today. Total operating revenues declined 76% year-over-year to $492 million. The company reported a net loss of $393 million,
Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The company's stock gained early Tuesday immediately after the announcement. Worldwide
Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign