'Accelerating some of the cost measures that we have planned'.
JPMorgan posted first-quarter profit that beat Wall Street estimates as the firm slashed bankers’ pay, and trading revenue declined less than most analysts predicted. The shares rose in early trading Wednesday.
Morgan Stanley, owner of the world’s largest brokerage, reported earnings that beat analysts’ estimates as profit from that business rose to a record and fees from investment banking reached a three-year high.
An upside surprise.
Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.
Facebook posted revenue that surpassed Wall Street forecasts, but earnings were a penny light. Nonetheless, the stock jumped after-hours.