About this episode

The episode discusses the impressive earnings reports from Morgan Stanley and BlackRock, highlighting record trading revenues and asset growth.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.  Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Neil Sipes, Bloomberg Intelligence U.S Financials Analyst, discusses earnings from Morgan Stanley and BlackRock. Morgan Stanley's stock traders set another quarterly record, with $6.3 billion from equity trading, a 69% jump from its previous all-time high. The firm pulled in $148.1 billion in net new assets in its wealth-management business, with over half related to IPOs, and net revenue at the wealth business was $8.86 billion. BlackRock Inc.'s revenue jumped and the firm's assets hit a record $15.3 trillion, with the company taking in $192 billion across its business in the second quarter.   See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guest: Neil Sipes

Topics covered

• stock trading
• financial earnings
• wealth management
• equity trading
• investment firms

Keywords

• Morgan Stanley
• BlackRock
• stock trading
• wealth management
• financial earnings

Mentioned in this episode

Organizations: Morgan Stanley, BlackRock, Bloomberg Intelligence

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