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Morgan Stanley (MS)

  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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)
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  • 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, 5:06 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.
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  • Mar. 14, 2013, 4:48 AM
    The SEC has said that JPMorgan (JPM), Bank of America (BAC) and Morgan Stanley (MS), as well as Citigroup (C), don't have to hold votes at their annual meetings on motions that would require them to consider "extraordinary transactions," including being broken up. The proposals came from labor and religious groups, with a motion from the AFL-CIO, for example, saying that JPM's $6B whaling loss had shown that it had become too big to manage.
  • Mar. 13, 2013, 7:49 AM
    Goldman Sachs' (GS) hunt for Morgan Stanley (MS) big guns maybe miffed at the bank's new cost-cutting regime continues, reports the NYPost. "People who you thought wouldn't consider moving are now at least taking our calls," says a source. Goldman last week nabbed Morgan Asia investment bank chief Kate Richdale.
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  • Mar. 11, 2013, 12:28 PM
    Morgan Stanley (MS) is poised to hire Gary Kaminsky as vice-chair of its brokerage department, reports Charlie Gasparino. It will be another step in Morgan's plan to transform itself from risk-taker to adviser for both retail clients and institutional investors. Not just a TV personality, Kaminsky was a big-time money manager at Neuberger Berman before the Lehman collapse.
  • Mar. 8, 2013, 7:40 AM
    A check of the largest banks premarket after last night's stress test results: C +2.1%, JPM -0.8%, BAC +0.3%, WFC +0.5%, MS -1.6%, GS -0.3%. The XLF +0.6%.
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  • Mar. 7, 2013, 5:09 PM
    After-hours movers following the Fed Stress Tests: Citigroup (C +2.5%) is the biggest gainer after looking like it's the most overcapitalized of the large banks with a 8.3% common ratio. BAC +0.8%. GS -0.7%, MS -1% after both just squeaked over the 5% bar. There's not a lot of movement in the rest of the banks.
  • 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.
  • 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.
  • 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%.
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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.