morgan stanley
Morgan Stanley's main trading unit surprised investors on Wednesday by reporting a relatively low 15 percent drop in revenue in the second quarter in the first quarter. In contrast, the main competitors, Goldman Sachs and JPMorgan Chase, the experienced 35 percent reduction in traffic over the same period.The combined structure, strategy and market share gains appear to benefit from Morgan Stanley that the company something to smile for the first time in a while.First of all, Morgan Stanley, it appears there was a large drop in the trade, that the rivals. The debt crisis in Europe sent the markets in a tailspin in the spring, so the investors sit on the sidelines and wait for the all-clear. This drop-off volume meant less money in the banks' trading desks, leading to lower commission income.
Morgan Stanley also said that his client took the volume in part because of the extensive trade sales force. The company announced it was hiring last year, 400 manufacturers in order to share rivals. Which in part explains that Morgan Stanley was able to strong growth in equity trading unit title, besting Goldman Sachs in this field for the first time in centuries. (Most of the decline in trade, Morgan Stanley is also a fixed-income revenue.)And unlike competitors such as Goldman, JPMorgan and Bank of America, Morgan Stanley, a large part of shutting the business, so they are less vulnerable to the crisis in the market. Trading for own account or the game of his own money to market the company is able to gain enorme, as in the first quarter increased zijn bij every market, but it also generates huge losses.Goldman has suffered a loss in equity trading unit bets against the equity volatility quarter proved to be very volatile.
Morgan Stanley also said that his client took the volume in part because of the extensive trade sales force. The company announced it was hiring last year, 400 manufacturers in order to share rivals. Which in part explains that Morgan Stanley was able to strong growth in equity trading unit title, besting Goldman Sachs in this field for the first time in centuries. (Most of the decline in trade, Morgan Stanley is also a fixed-income revenue.)And unlike competitors such as Goldman, JPMorgan and Bank of America, Morgan Stanley, a large part of shutting the business, so they are less vulnerable to the crisis in the market. Trading for own account or the game of his own money to market the company is able to gain enorme, as in the first quarter increased zijn bij every market, but it also generates huge losses.Goldman has suffered a loss in equity trading unit bets against the equity volatility quarter proved to be very volatile.
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