Morgan Stanley, Bear Stearns profits rise
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Morgan Stanley (MWD.N: Quote, Profile, Research) and Bear Stearns Cos. Inc. (BSC.N: Quote, Profile, Research) , two of Wall Street&#39;s biggest
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U.S. investment bank Morgan Stanley   on Wednesday said its second-quarter earnings more than  doubled, trouncing expectations amid strong increases in  underwriting and trading revenue.
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Goldman Sachs Group Inc.  and Lehman Brothers Holdings Inc.  on Tuesday posted higher-than-expected quarterly profits, fueled by surprising strength in bond trading and investment banking growth.
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Morgan Stanley  on Wednesday said its second-quarter earnings rose 41 percent to a new record, beating expectations on higher trading and investment banking results.
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U.S. stocks rose on Wednesday as  positive company earnings helped extend the previous session's  rally and the three major indexes tried to post two consecutive  days of gains for only the second time this year.
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Morgan Stanley  on Wednesday  said its second-quarter earnings rose 41 percent to a new  record, beating expectations on higher trading and investment  banking results.
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NEW YORK (CBS.MW) -- Bear Stearns Cos. reported Tuesday a 22.6 percent increase in fourth-quarter net income, as investment- and merchant-banking results rose.
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The Dow industrial average and the S&P 500 briefly turned higher as shares of JPMorgan Chase & Co  , the No. 3 U.S. bank, led a rebound in financial shares, while the Nasdaq pared losses.
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Morgan Stanley  on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as most of its trading and investment-banking businesses achieved record results.
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Stocks advanced on Wednesday after Morgan Stanley  announced a $5 billion investment from China and the Federal Reserve reported high demand for its $20 billion auction.
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Investment bank stocks rose strongly  Tuesday after Goldman Sachs Group Inc. GS.N and Lehman  Brothers Holding Inc. LEH.N reported surprisingly strong  third-quarter results, indicating that sluggish market  conditions this summer did not dent Wall Street earnings.
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Stocks rebounded in early trading after Goldman Sachs and Best Buy posted solid profit gains and central banks issued billions of dollars in loans to the worldâs commercial banks.
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Bear Stearns Cos. Inc.  on Tuesday said quarterly profit rose 22 percent, helped by a sharp rise in revenue at its investment banking division.
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U.S. stocks climbed on Thursday, boosted by surprisingly high earnings from investment bank Bear Stearns Co. Inc. and economists' bullish estimates for stock indexes performance next year.
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Investment bank Bear Stearns reports a 38% jump in quarterly profits, boosted by merger and acquisition deals.
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Bear Stearns Cos.  said on Thursday quarterly net income soared 38 percent helped by gains from fees for merger advice and underwriting debt for corporations and acquisition-hungry private equity firms.
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Morgan Stanley and Bear Stearns said on Wednesday that their third-quarter earnings fell, the first declines for the investment banks in more than a year.