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Morgan Stanley (MS)

  • Apr. 12, 2013, 3:31 AM
    Morgan Stanley's (MS) private-equity arm and Apax Partners are reportedly thinking about selling Chicago-based insurance brokerage Hub International in a transaction that could be worth $2B. The considerations come six years after Morgan Stanley and Apax took Hub private for $1.8B.
    | Apr. 12, 2013, 3:31 AM | 1 Comment
  • Apr. 9, 2013, 6:43 PM
    A Goldman Sachs note helps explain some of the recent weakness in big bank stocks and adds a warning signal: Banks that gain more than 10% in Q1 usually give back nearly all those profits in Q2 when future earnings estimates begin falling. Goldman's top concern heading into Q1 earnings is that "lackluster fundamentals could lead to a negative EPS revision cycle (which has been the trend the past few years)."
    | Apr. 9, 2013, 6:43 PM | 5 Comments
  • Apr. 9, 2013, 11:29 AM
    Banks this Friday will begin making payments to ~4.2M borrowers whose homes were in any stage of foreclosure in 2009-10. The payments, which will range from $300 to $125K, are compensation for the robo-signing scandal when bank employees said foreclosure documents were correct without reviewing them. Part of the settlement: BAC, C, GS, HBC, JPM, MET, MS, PNC, SAN, STI, USB, WFC.
    | Apr. 9, 2013, 11:29 AM | 34 Comments
  • Apr. 9, 2013, 9:48 AM
    JPMorgan Chase (JPM) will lead big U.S. banks in job cuts with 17K expected through 2014, according to Bloomberg, after the six largest U.S. banks announced cuts to 1.8%, or 21K positions, during Q1. The housing rebound means many of the cuts will come in foreclosure units. Banks may tell more about their personnel plans starting this Friday when JPM and Wells Fargo (WFC) report Q1 results.
    | Apr. 9, 2013, 9:48 AM | 1 Comment
  • Apr. 8, 2013, 4:36 PM
    Seemingly often on the wrong side of broker defections, but maybe turning it around of late (I, II), Morgan Stanley Wealth Management (MS) adds four teams with $765M AUM. The moving brokers are coming from BofA, JPMorgan, and Wells Fargo.
    | Apr. 8, 2013, 4:36 PM | Comment!
  • Apr. 8, 2013, 3:51 PM
    Goldman Sachs (GS) and Morgan Stanley (MS) have Q1 estimates cut at Sandler O'Neill, which says fixed-income, currencies and commodities trading has been solid, "but less favorable" than hoped. Sandler's estimates remain above consensus, with Goldman EPS now at $4 vs. $3.80 and Morgan at $0.60 vs. $0.57.
    | Apr. 8, 2013, 3:51 PM | Comment!
  • Apr. 7, 2013, 4:19 AM
    A bipartisan Senate bill would force all banks to hold capital of 10% and those with over $400B in assets an extra 5%. The strictest provisions would hit six banks: JPMorgan (JPM), BofA (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS). Analysts reckon the bill has little chance of becoming law, although its authors reckon support for the measures are growing.
    | Apr. 7, 2013, 4:19 AM | 34 Comments
  • Apr. 2, 2013, 8:18 AM
    Credit Suisse takes metaphorical chips off the table, downgrading MS, SCHW, and CME to Hold after nice runs for each has them exceeding price targets established when the bank made them Buys. Morgan's top ideas in the financial sector: GS, LAZ, ICE, APO, BX, CG.
    | Apr. 2, 2013, 8:18 AM | 1 Comment
  • Apr. 2, 2013, 7:18 AM
    Bank of America's (BAC) prime brokerage unit hires former Morgan Stanley (MS) executive Deepak Abraham as Asia Pacific head of capital strategy. Abraham used to run Morgan's MENA prime brokerage operations.
    | Apr. 2, 2013, 7:18 AM | 1 Comment
  • Mar. 28, 2013, 10:44 AM
    Morgan Stanley (MS) CFO Ruth Porat has informed the White House she's not interested in the #2 slot at Treasury, reports Bloomberg.
    | Mar. 28, 2013, 10:44 AM | Comment!
  • Mar. 28, 2013, 7:58 AM
    Goldman Sachs (GS) is initiated with a Buy rating and $175 price target at Guggenheim, while Morgan Stanley (MS) is initiated a Neutral with $25 price target. Goldman -0.4% premarket.
    | Mar. 28, 2013, 7:58 AM | 1 Comment
  • Mar. 27, 2013, 7:08 AM
    Credit Suisse (CS) snaps up the overseas wealth management unit of another U.S. bank, agreeing to buy Morgan Stanley's (MS) EMEA advisory business for an undisclosed sum. Morgan is unloading the unit as it focuses on building its wealth management business in the States.
    | Mar. 27, 2013, 7:08 AM | Comment!
  • Mar. 19, 2013, 10:02 AM
    Continuing with its pledge to cut costs, Morgan Stanley (MS) is shuttering its Princeton, NJ office and has offered the spot's 95-person staff roles in other locations. The company last year expanded its Manhattan headquarters in order to consolidate operations spread over the NY area.
    | Mar. 19, 2013, 10:02 AM | Comment!
  • Mar. 18, 2013, 8:10 AM
    Biogen's (BIIB) and Elan's (ELN) Tysabri treatment has demonstrated its "efficacy compared to other multiple sclerosis (MS) treatments" in several studies. The research also provided more data that shows the stability of anti-JC virus (JCV) antibodies, and improved outcomes for the brain infection PML if it's detected early. (PR)
    | Mar. 18, 2013, 8:10 AM | 1 Comment
  • Mar. 14, 2013, 5:53 PM
    After-hours top gainers, as of 5:15 p.m.: MUX +4%. BAC +4%. DFS +3%. RRD +2%. MS +2%.
    After-hours top losers: GLDD -31%. ULTA -11%. MWA -9%. KKD -6%. ARO -6%.
    | Mar. 14, 2013, 5:53 PM | 6 Comments
  • Mar. 14, 2013, 5:06 PM
    More on bank capital return plans: Wells Fargo (WFC) an increase in the dividend to $0.30 from $0.25. Morgan Stanley (MS) will proceed with the $4.7B purchase of Smith Barney from Citigroup, but thus far there's no announcement of regarding capital returns.
    | Mar. 14, 2013, 5:06 PM | 1 Comment
MS vs. ETF Alternatives
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.