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Morgan Stanley (MS)

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  • Mar. 7, 2013, 4:50 PM
    More on the Fed Stress Tests: The exams measured to make sure banks' Tier 1 Common Ratio remained above 5% in the Fed's "severely adverse" economic scenario - GDP falling 5%, the UE rate rising to 12%, a 50% fall in stocks, and recessions overseas, among a number of other variables. This table shows the results, with GS and MS just passing, and BAC, C, WFC, and JPM getting by with a little more room.
    | 6 Comments
  • Mar. 7, 2013, 4:37 PM
    Fed Stress Tests: Ally Financial is the only bank not meeting the Fed standards.  All of the other 18 holding companies showed a Tier 1 Common Ratio higher than 5% under the central bank's severe loss scenario.
    | 24 Comments
  • Mar. 7, 2013, 12:24 PM
    Described as one of the most high-profile defections in years, Morgan Stanley's (MS) Asia investment bank chief Kate Richdale is leaving for Goldman Sachs (GS). The move may have to do with Richdale's testy relationship with Morgan's co-CEO for Asia, Wei Sun Christianson.
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  • Mar. 7, 2013, 11:01 AM
    The big U.S. banks are considering defying the Fed and announcing capital return plans shortly after stress tests are released this afternoon, reports Bloomberg. The Fed wants the lenders to wait another week, but bank lawyers worry the plans will leak out. It's under discussion, JPM CFO Lake told an investor conference (transcript) Tuesday. XLF +0.6%.
    | 34 Comments
  • Mar. 6, 2013, 10:57 AM
    All 17 bank holding companies subject to Fed stress tests will pass the exam, says Credit Suisse's Moshe Orenbuch (results due Thursday). He thus sees payout ratios for the group rising to 64% of earnings this year from 36% in 2012, with BofA (BAC), Citigroup (C), and Regions Financial (RF) getting the biggest bump. Morgan Stanley (MS) and SunTrust (STI) should also see sizable increases.
    | 6 Comments
  • Mar. 5, 2013, 3:30 PM
    Morgan Stanley's (MS) been losing a lot of wealth-management heavy hitters of late, but today announces the hiring of three advisers from UBS. Together, they manage $296M in client assets.
    | 1 Comment
  • Mar. 4, 2013, 10:24 AM
    Amid speculation CFO Ruth Porat is heading to D.C., Morgan Stanley (MS) has reportedly narrowed down replacement candidates to three. Porat deputy Paul Wirth is thought to be the top contender, but the bank has a history of putting those a little closer to customers in that job. "Part of the CFO role is you have to be a bit of a salesman," says an unnamed Morgan exec (one of the other 2 candidates?).
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  • Feb. 28, 2013, 4:14 PM
    Morgan Stanley (MS) announces the sale of the rest of its stake - 7.46M shares, about one-sixth of the float - in DigitalGlobe (DGI). (PR)
    | 1 Comment
  • Feb. 28, 2013, 12:43 PM
    Morgan Stanley (MS) amends its Q4 earnings, bumping profit by $87M thanks to a tax benefit. This adds 17% to the quarter's income, bringing it to $594M, or $0.29/share from $507M, or $0.25.
    | 4 Comments
  • Feb. 27, 2013, 9:10 AM
    Morgan Stanley (MS) is in talks to sell its Indian wealth management business to Standard Chartered (SCBFF.PK), reports Bloomberg. Morgan was reported several months ago as looking to unload the struggling unit. StanChart wii perhaps give it a go in a market where so many others have failed.
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  • Feb. 25, 2013, 12:50 PM
    In another management departure at cost-conscious Morgan Stanley (MS), Jacques Chappuis - the head of the bank's fund-of-hedge-funds business - is leaving the firm to join Carlyle Group (CG). He will be succeeded by Arthur Lev, who will add this position to his current duty as head of Morgan's long-only operations.
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  • Feb. 22, 2013, 7:29 AM
    Morgan Stanley (MS) makes another shopping mall investment in Russia in a year with one of its funds buying a Moscow shopping mall. Terms are undisclosed, but the deal's value is estimated at more than $1B. It's a significant amount - Russian commercial real estate sales were just $5.9B in 2012's first 9 months.
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  • Feb. 19, 2013, 9:27 AM
    James Gorman (MS) has made a big bet with the Smith Barney purchase and now it's time to monetize. Investment bankers traditionally look down their noses at the retail business, but MS investment chief Colm Kelleher has a message - it's time for the two to work together. They call it Sheep Shearing Season in Australia, writes Josh Brown.
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  • Feb. 15, 2013, 7:38 AM
    "The Goldilocks era of post-crisis M&A has never been an if, but a when," says JPMorgan (JPM) vice-chair James Lee. "CEOs are declaring that day has come." Including the Berkshire buy, $40B in deals were announced yesterday and $140B this month. Transaction volume is up 27% Y/Y vs. an 8% slump for 2012. It should mean sweet profits for the newly lean banks.
    | 8 Comments
  • Feb. 4, 2013, 2:27 PM
    Morgan Stanley (MS) global head of corporate affairs Jeanmarie McFadden is leaving the firm, according to an internal memo. Hers is the latest in a series of high-level departures from the bank, although - as a member of the management committee - she was presumably on the list of those getting raises last week.
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  • Jan. 31, 2013, 5:04 PM
    Morgan Stanley (MS) bumps the base salary of CEO James Gorman to $1.5M from $800K. Additionally, Gorman is eligible for a performance-based bonus of $3.75M (up from $1.94M) "if the company achieves predetermined goals" for the period of 2013-15. The other members of the bank's management committee also get raises.
    | 1 Comment
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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.