Tag Archives: Q1 Earnings

According to the release of the investment banking firm’s Q1 earnings statement on Monday, citing market volatility during the first quarter, Morgan Stanley reported a net income decline of more than 50 percent year-over-year.

Trouble is quietly brewing among the largest U.S. financial institutions. Recent earnings statements have shown a dip in profits due loan losses, increased reserves in the oil and gas sectors, and declines in investment banking revenue and profits.

It was a tough first quarter for Bank of America, as the bank experienced a year-over-year decline of 13 percent in net income.