Morgan Stanley (NYSE: MS) reported its financial results for the quarter ended March 31, 2020 today.
Morgan Stanley posted a 30% drop in earnings due to lower top-line growth. Over the past two months, the company has witnessed more market volatility, uncertainty and anxiety as a result of the devastating COVID-19 than at any time since the financial crisis.
The company has voluntarily ceased its share repurchase program in the first quarter to better support clients with lending and other services during the global pandemic. The Institutional Securities segment experienced the impact of the deterioration of credit in the global markets while market headwinds impacted Wealth Management. The decline in global asset prices hurt the Investment Management segment.
Fast-food chain McDonald’s Corporation (NYSE: MCD) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 when its revenues remained broadly unchanged. The company said fourth-quarter
General Motors Co. (NYSE: GM) reported fourth quarter 2022 earnings results today. Revenue increased 28.4% year-over-year to $43.1 billion. Net income attributable to stockholders increased 14.8% to $2 billion while EPS rose 19.8%
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported double-digit growth in fourth-quarter revenues and adjusted earnings. Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per