What You Need to Know About U.S. Bank Earnings

Morgan Stanley and Goldman Sachs reported their Q3 results, highlighting the challenges and benefits of calm markets. Fixed income trading negatively impacted profits, while stock trading remained stable. Low market volatility posed issues compared to the previous year. Both banks relied on other units to boost profits, with investment banking surpassing expectations. Looking forward, potential catalysts like tax policy and inflation debates could revive trading activity.

What impact did low volatility have on Wall Street compared to the previous year?

What catalysts did Morgan Stanley's CFO list for potential trading improvements?