Morgan Stanley

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  • May 31, 2013, 9:02 AM

    Morgan Stanley (MS) is upgraded to Buy at Deutsche Bank, analyst Matt O'Connor expecting earnings to accelerate from the plan to purchase the rest of Smith Barney from Citigroup (which should get regulatory approval "any day"). Morgan has estimated a $400M lift to earnings from the remaining stake, a number O'Connor expects to increase over time should markets remain positive.

    | May 31, 2013, 9:02 AM
  • May 30, 2013, 2:49 PM

    Morgan Stanley (MS +3.5%) not only advised Shuanghui on its bid for Smithfield Foods, but it's also providing about $3B in financing for the $4.7B purchase, reports the WSJ. Naturally, Morgan won't hold the paper, instead planning to sell the debt to other banks, including Chinese lenders. Shuanghui is owned by a group of P-E firms, as well as shops like Goldman Sachs and Temasek Holdings.

    | May 30, 2013, 2:49 PM
  • May 30, 2013, 7:57 AM

    Morgan Stanley (MS) scales back its ambition to be a top fixed-income shop, telling investors its aim is to pull in just $1.5B-$2.5B in quarterly revenue, far less than the pre-crisis peak of $3.4B. The bank - famously targeting a 10% ROE - wants to instead focus on the more profitable businesses helping to achieve that. Shares +0.8% premarket.

    | May 30, 2013, 7:57 AM
  • May 29, 2013, 3:17 AM

    Morgan Stanley's (MS) Msref real-estate department reportedly intends to raise a new $1-3B global property fund and hopes that China Investment Corp., which owns 6.4% in the bank, will become an anchor investor. However, Morgan Stanley might have problems attracting other potential backers, such as Calpers and the New York State Common Retirement Fund, which have been burned by placing their money with Msref.

    | May 29, 2013, 3:17 AM
  • May 24, 2013, 8:54 AM
    Morgan Stanley (MS) shakes up its Asia equities team, naming Jerome Leleu and Mille Cheng as co-heads of the business to replace Justin Jaik who's moving to a new role. Cheng is rejoining Morgan from Barclays - where she headed the China equity business since 2011.
    | May 24, 2013, 8:54 AM
  • May 22, 2013, 12:18 PM
    Morgan Stanley (MS) joins a big group raising money to invest in global infrastructure, reports Bloomberg, with plans to soon begin raising $4B for a fund. The new fund from MS Infrastructure Partners would be the same size as a 2008 fund, though the team there doesn't bear a ton of resemblance to what it looked like back then.
    | May 22, 2013, 12:18 PM
  • May 20, 2013, 6:54 AM
    Morgan Stanley (MS) finally unloads its Indian wealth-management unit, inking a deal to sell the business to Standard Chartered (SCBFF.PK) for an undisclosed amount. Morgan started the unit amid an economic and stock market boom in India in 2008, but things haven't panned out as hoped.
    | May 20, 2013, 6:54 AM
  • May 16, 2013, 3:55 PM

    Described as a win for Wall Street's biggest swaps dealers - JPM, BAC, C, MS, and GS - the CFTC approves new swap trading rules 3 years after the passage of Dodd-Frank. The rules mandate new trading platforms making bids and offers public, but require traders send request for bids to just two firms before execution rather than the five some had called for. Smaller exchanges aren't sweating it, instead happy they now have a defined system to operate under.

    | May 16, 2013, 3:55 PM | 1 Comment
  • May 15, 2013, 6:03 PM

    Third Point discloses new positions in: Anadarko Petroleum (APC), BE Aerospace (BEAV), Cabot Oil (COG), Chimera Investment (CIM), Hess (HES), Hilshire Brands (HSH), Tiffany (TIF), Thermo Fisher (TMO), and Virgin Media (MMED). It raises stakes in: AbbVie (ABBV) and International Paper (IP), and exits Abbott Labs (ABT), Capital One (COF), Coca-Cola Enterprises (CCE), Herbalife (HLF), Illumina (ILMN), MetLife (MET), Morgan Stanley (MS) and Tesoro (TSO). (13-F)

    | May 15, 2013, 6:03 PM | 4 Comments
  • May 15, 2013, 3:01 PM
    Commodity trading revenue at the top 10 global investment banks plunged 54% Y/Y to just $1.2B, according to Coalition. The outliers are Goldman Sachs (GS) and JPMorgan (JPM), both of which reported slight increases in activity (Q2 looking decent at JPM as well). Leading on the downside was a 77% drop at Morgan Stanley (MS), whose commodity desk has been alternatively on the block or set for restructuring.
    | May 15, 2013, 3:01 PM | 1 Comment
  • May 15, 2013, 7:09 AM

    Morgan Stanley's (MS) price target is lifted to $36 from $30 by Mike Mayo following yesterday's annual meeting in which Mayo was able to draw from Jamie Gorman his hope for a return to 10% ROE by 2014 Q1. "The new explicit time frame for consolidated ROE allows investors to keep the pressure on," writes Mayo, noting other board members "are on the same page" about ROE's importance.

    | May 15, 2013, 7:09 AM
  • May 14, 2013, 3:06 PM
    Morgan Stanley's (MS +2.4%) annual meeting turns into the Mayo and Gorman show as the CLSA analyst is now a shareholder and able to attend. Mayo was able to pin Gorman down to 2014 Q1 as the time for reaching his goal of 10% ROE. Gorman made clear, however, the company is dependent on the Fed allowing buybacks if it wants to hit that target.
    | May 14, 2013, 3:06 PM
  • May 14, 2013, 11:52 AM

    Morgan Stanley (MS +3%) shareholders throw their support (86%) behind the bank's executive compensation plan which cut CEO Gorman's pay by 7% and deferred bonuses for top managers. Total shareholder return was 28% in 2012, 800 bps below the average of Morgan's 9 largest peers, and Gorman's $9.75M in pay was 40% lower than it could have been. 

    | May 14, 2013, 11:52 AM
  • May 13, 2013, 11:53 AM
    Morgan Stanley Wealth Management (MS) rolls out Trade Flow Insights, an in-house social network allowing its advisors to see what their colleagues are buying and selling along with filtering ability to see things like what the most experience of the group is up to or where asset allocations are trending.
    | May 13, 2013, 11:53 AM
  • May 10, 2013, 3:32 PM

    More personell changes at Morgan Stanley (MS) where deputy head of investment banking Ji-Yuen Lee left the bank recently, according to sources. Lee was a key lieutenant of investment banking chief Paul Taubman who left last year after losing a power struggle with Colm Kelleher. (previous)

    | May 10, 2013, 3:32 PM
  • May 10, 2013, 1:23 PM
    Morgan Stanley (MS) rehires M&A banker John Collins for the newly created role as global operations officer for the investment banking division. Collins left Morgan three years ago to join boutique player Moelis & Co. He starts his new gig in early July.
    | May 10, 2013, 1:23 PM
Company Description
Morgan Stanley through its subsidiaries and affiliates, provides financial products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals.