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Fixed-income trading revenue almost tripled, driving a 73% jump in total trading that surged past expectations.

The shift comes after the bank reported its first quarterly loss since 2008.

The 4,000-person regulator in March was one of the first federal agencies to tell employees to stay home due to the public health emergency.

The bank has been in turmoil relative to peers for years. The economic fallout from the coronavirus pandemic only made matters worse.

The firm set aside a record $9.5 billion for credit losses, about $4 billion more than analysts had expected, as it braces for a wave of coronavirus-related defaults.

Almost 90% of smaller fund managers would no longer have to report their investments and their firms would save $136 million a year, the agency estimates.

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

The bank says an announcement on how far the current 51-cent payout would drop is expected in mid-July.

Michael Kitces, co-founder of XY Planning Network, says the group is mulling its options after a federal court struck down the organization’s lawsuit against the SEC rule.

Just 5% of its 16,000 employees are Black, according to the company.

The program faces big challenges, including the coronavirus pandemic which could deplete the program’s $3-trillion trust fund as early as 2028.

All of the funds in the suite carry a 0.18% expense ratio.

Members of the bank’s operating committee will be evaluated annually on how much they have increased representation and inclusion of diverse employees in the operations they oversee.

A Democratic-led SEC could revisit Reg BI, advocacy groups and industry observers say.

While small deals are likely, CEO James Gorman said he’d be reluctant to take on a large-scale acquisition

Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

The company's new service provides leads — and now phone calls — from its 65-million person audience to advisors.

In the months since CEO Larry Fink’s push to focus the firm’s efforts on ESG, the investing landscape has changed more than anyone could have anticipated.