The bank is seeking to boost efficiency and growth by combining two wealth management businesses into a single one known as Global Wealth Management.

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

The bank’s wealth management businesses posted $217 million in first-quarter profits, up from $156 million in the same quarter a year ago.

Despite an impressive performance, Morgan Stanley's CEO is not preparing to raise profitability targets.

CFO Paul Donofrio said advisors are embracing the firm's growth initiatives and incentives laid out in the 2018 compensation plan.

The brokerage ranks shrank by 258 from the year-ago period.

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business.

Short sellers tend to go against the tide, making investments based on a belief that a stock is going to tank. These 10 banks have drawn the greatest amount of short-interest activity recently.

The CEO of the firm’s parent says it expects to trim hundreds more advisors from its ranks over coming months.

The firm had strong net inflows to its U.S. Income Fund as well as strategies including long duration and income.

More than $34 billion in client assets moved into the No. 1 IBD’s fold in the first part of the acquisition.

Headcount dropped by 413 brokers year-over-year, but productivity per FA jumped by 29%.

CEO Jim Cracchiolo says the firm’s headcount is poised for growth again following a stagnant year.

Headcount is down by 200 compared to a year-ago.

CEO is right to resist the temptation of a more drastic overhaul.

The former underdog is settling into its role as one of Wall Street's more well-balanced firms.

Wealth management has “only increased in relevance as it’s continued to grow,” CFO Jon Pruzan said.

The firm also reported that its advisor ranks were up 2% year-over-year, boosted by its training program.

Fourth-quarter profits ticked up a modest 1% year-over-year to $659 million even as number of advisors dropped 2%.

While banks will likely benefit from the lower rate, the new law requires charges in the near-term.