Morgan Stanley has managed to avoid the turbulence afflicting some of its rivals.
Here's what the company reported:Revenue: $13.27 billion, vs. expected $13.23 billionplans to resign within a year, capping a successful tenure marked by massive acquisitions in wealth and asset management. Morgan Stanley's board has narrowed the search for his replacement to three internal executives, he said at the time.Wells Fargo
and Citigroup each topped expectations for third-quarter profit, helped by low credit costs. Goldman Sachs and Bank of America also beat estimates on stronger-than-expected bond trading results.Nvidia slides after U.S. restricts AI chip exports to China. How to play it
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