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Morgan Stanley (MS)

- NYSE
  • Nov. 5, 2012, 2:01 PM
    Morgan Stanley (MS) may be able to gain momentum for its stock by speeding up the pace at which it cuts its fixed income trading assets, says UBS' Brennan Hawken. Even with the current poor investment banking environment, Hawken thinks ROE could be boosted by 40-100 bps. (Previous: UBS cuts its FICC desk)
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  • Nov. 5, 2012, 8:53 AM
    There's a management shake-up at Morgan Stanley (MS), where investment bank co-President Paul Taubman announces he will retire at year's end, leaving the job solely to Colm Kelleher. It's fair to say the two had a strained relationship. (PR)
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  • Oct. 23, 2012, 12:08 PM
    Contrary to a WSJ report, Goldman Sachs (GS) says it's never "seriously" considered selling off its commodities operation to fit into any new regulatory structure. Morgan Stanley (MS) on the other hand, has been in continuing talks to unload a majority stake in its commodity business to Qatar's SWF.
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  • Oct. 22, 2012, 3:58 PM
    S&P more than doubles to $10B the amount of annual profit it estimates banks stand to lose as a result of the Volcker rule. "Stricter rules could lead us to take negative rating actions on certain banks." In addition to the usual 6 TBTF names, PNC and USB were included in the analysis. The combined profits of all 8 lenders will sum to less than $100B this year.
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  • Oct. 22, 2012, 1:18 PM
    Morgan Stanley (MS) loses heavy-hitting ($2.5B in client assets) financial adviser Rebecca Rothstein and her team to BAML. Frustrated with technology issues and the culture clash resulting from the MSSB merger, a number of major rainmakers have exited Morgan this year.
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  • Oct. 19, 2012, 2:12 PM
    Some digging into Morgan Stanley's (MS) quarterly report shows the company looks to have staved off the exodus of a group of high-producing brokers. The number of wealth managers declined by 105 to 16.8K, but annualized revenue/adviser rose, suggesting those who left had smallish books.
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  • Oct. 18, 2012, 10:30 AM
    "Clients re-engaged and continued to re-engage throughout the quarter," says Morgan Stanley (MS) CFO Ruth Porat, as trading revenues bounced once the drawn-out ratings cut process was resolved. As for the reduction in VaR - it was accomplished by looking back just 1 year as opposed to 4 (which would include 2008). Why it matters: Lower VaR = easier to meet capital requirements = better chance of buybacks/higher dividends.
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  • Oct. 18, 2012, 7:50 AM
    More Morgan Stanley (MS): Value-at-Risk falls to $63M from $76M last quarter, $99M a year ago. The big drop is odd given the Basel requirement for more stringent VaR, but Morgan says regulators have given their okay. A lower VaR makes it easier for the bank to meet its capital requirements. Shares +1.3% premarket. (PR)
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  • Oct. 18, 2012, 7:30 AM
    More on Morgan Stanley (MS): Without $2.3B hit from DVA, revenues were $7.6B, net income swings from a $0.55/share loss to a $0.28 gain. Backing out charges from Smith Barney adds another $0.06 to income. FICC revenues of $1.5B, +36% Y/Y (comparison is to horrid 2011 Q3). Equity revenues of $1.2B, -7.7% Y/Y. Tier 1 common capital ratio of 13.7% vs. 11.6% a year ago. Book value/share of $30.53 vs. $31.29 a year ago. Shares -0.5% premarket. (PR)
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  • Oct. 18, 2012, 7:16 AM
    Morgan Stanley (MS): Q3 EPS of $0.28 beats by $0.03. Revenue of $5.3B misses by $1.2B. (PR)
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  • Oct. 18, 2012, 12:05 AM
    Notable earnings before Thursday’s open: BAX, BBT, BSX, BX, CY, DHR, DO, FCS, FITB, GPC, HBAN, KEY, LH, LUV, MS, NOK, NUE, PII, PM, PPG, SVU, TRV, UNP, USG, VZ
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  • Oct. 17, 2012, 5:30 PM
    Notable earnings before Thursday’s open: BAX, BBT, BSX, BX, CY, DHR, DO, FCS, FITB, GPC, HBAN, KEY, LH, LUV, MS, NOK, NUE, PII, PM, PPG, SVU, TRV, UNP, USG, VZ
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  • Oct. 12, 2012, 6:14 PM
    JPM’s Q3 results in investment banking and trading were impressive, a good sign for Goldman Sachs (GS), Morgan Stanley (MS) and perhaps BofA (BAC), KBW's Fred Cannon says: "The upside on the read-across leads us to believe BAC will post a beat to the Street in the quarter and gives us increased confidence around our $0.15 operating estimate."
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  • Oct. 11, 2012, 4:41 PM
    It's the usual suspects who stand to be affected by Fed Governor Tarullo's call to cap the size of banks' non-deposit liabilities. JPM, BAC, GS, and C all have ratios greater than 5% of U.S. GDP. Morgan Stanley (MS) and Wells Fargo (WFC) are substantially below. "This is a major new direction for the Fed," says Simon Johnson. "There is agreement across the political spectrum ... (the banks) should be made smaller and simpler."
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  • Oct. 8, 2012, 3:02 PM
    Morgan Stanley (MS) can't hide behind Moody's in deflecting a lawsuit launched by investors in a subprime-backed investment vehicle, rules a judge. Garbage in, garbage out - the investors claim Morgan passed along bad information to Moody's, resulting in inflated ratings.
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  • Oct. 4, 2012, 3:39 PM
    Ameriprise (AMP) picks up two large Morgan Stanley Wealth Management (MS) producers, who last year generated about $1M in revenue. Previously, it was reported some of Morgan's heaviest hitters - disgruntled with the firm since the merger with Smith Barney - were considering jumping ship.
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MS vs. ETF Alternatives
Company Description
Morgan Stanley is a financial services firm that, through its subsidiaries and affiliates, provides its products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals.