Wall Street enthusiastic about the results of Morgan Stanley and United

Victor Boolen

Wall Street enthusiastic about the results of Morgan Stanley and United

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Morgan Stanley shares jumped 6.5 percent. The investment bank registered more turnover and profit than expected in the last quarter. The bank has done good business, especially in the areas of supervision of IPOs, mergers and acquisitions and issuance of debt securities.

United Airlines gained more than 12 percent. The airline made more profit than expected in the last quarter. The group will also buy back $1.5 billion worth of its own shares to reward shareholders. The last time United bought back shares was before the corona pandemic.

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