Previous Close | 81.09 |
Open | 80.56 |
Bid | 79.90 x 0 |
Ask | 80.28 x 0 |
Day's Range | 79.35 - 80.95 |
52 Week Range | 68.86 - 94.22 |
Volume | |
Avg. Volume | 0 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | Jul 18, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
(Bloomberg) -- Some of the world’s largest investment banks have started distancing themselves from hedge fund manager Crispin Odey, hours after the publication of fresh allegations of sexual assault against women over several decades. Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapBonds
Fresh allegations against Crispin Odey concerning sexual assault against women have been published. JPMorgan Chase & Co (NYSE: JPM) and Morgan Stanley (NYSE: MS) started distancing themselves from the hedge fund manager. Morgan Stanley has begun terminating its prime broking relationship with Odey, Financial Times reported citing people familiar with the situation. According to the investigation, it was discovered that partners at Odey Asset Management knew about Crispin Odey's alleged mistreatm
Two major investment banks moved to distance themselves from Odey Asset Management after the head of the London-based hedge fund was accused of years of sexual misconduct. Morgan Stanley is working to cut its prime brokerage business to Crispin Odey’s hedge fund, according to a person familiar with the matter. The move follows a [Financial Times article Thursday](https://www.ft.com/content/e5d14398-e866-44b3-8ecb-4e6371167c6d) that says 13 women have accused the fund manager of “abuse and fostering a toxic workplace.”
Odey Asset Management faces a widening investigation by the UK’s Financial Conduct Authority and the loss of crucial banking relationships after 13 women made allegations of sexual assault and harassment against founder Crispin Odey. The UK’s top financial regulator opened an investigation into potential “non-financial misconduct” at the hedge fund two years ago, according to people familiar with the probe. The inquiry later shifted to examine corporate governance issues after Odey fired his executive committee in 2021, these people said, and it may now be widened to consider fresh allegations of sexual assault reported in a Financial Times investigation on Thursday.
Goldman Sachs, JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said. The FT reported that 13 women alleged founder and owner Crispin Odey had sexually assaulted or harassed them over a 25-year period. "This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation," Crispin Odey told Reuters by phone.
LONDON (Reuters) -Goldman Sachs, JPMorgan and Morgan Stanley are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said. The FT reported that 13 women alleged founder and owner Crispin Odey had sexually assaulted or harassed them over a 25-year period. "This is a rehash of an old article and none of the allegations have been stood up in a courtroom or an investigation," Crispin Odey told Reuters by phone.
Bank of America's (BAC) CEO expects trading and IB revenues to be flat in second-quarter 2023. Loan growth will likely be less than expected.
Veteran dealmaker had advised on major deals during his 17-year tenure at Wall Street investment bank
A well-known Morgan Stanley deal maker is leaving for one of Wall Street’s top law firms. Rob Kindler, Morgan Stanley’s global chair of mergers and acquisitions, who over a 23-year run as a banker became a fixture in the tightknit world of deal advisory, will join Paul, Weiss, Rifkind, Wharton & Garrison in the fall as a corporate partner and global chair of M&A, officials at the firms said. Kindler began his career at Cravath, Swaine & Moore, another top deal law firm, where he practiced for 20 years.
With little prospect for earnings growth, and no dividend to support it, it may be time to sell AMC stock.
NEW YORK, June 06, 2023--Morgan Stanley at Work today released the latest findings from its third annual State of the Workplace Financial Benefits Study, which reveals how employees are responding to financial challenges when it comes to their decisions around financial wellness and retirement benefits:
Morgan Stanley (MS) closed the most recent trading day at $83.74, moving -0.72% from the previous trading session.
The S&P 500 is nearing a bull market. But Morgan Stanley analysts are predicting a 16% earnings drop for S&P 500 companies. Ben Laidler, Global Markets Strategist at eToro, and Tom Essaye, Sevens Report Research Founder and President, give their takes on what lies ahead for the market.
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
Bank of America's (BAC) CEO expects trading and IB revenues to be flat in second-quarter 2023. Loan growth will likely be less than expected.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
Major Wall Street banks are signaling a weak quarter for their trading businesses. At an industry conference this week, they telegraphed that markets calmed in the second-quarter compared with the topsy-turvy markets a year ago, leading to cooldown in both fixed income and equities. "Our clients are kind of sitting a bit more in their hands right now," said John Waldron, the bank's chief operating officer, on Thursday.
Morgan Stanley (MS) expects its trading and investment banking revenues to slump in the second quarter amid a challenging economic environment.
NEW YORK, May 31, 2023--Investment funds managed by Morgan Stanley Private Equity Secondaries and Clairvest Group (Clairvest) announced today the completion of a growth equity investment in Top Aces alongside Top Aces’ other shareholders, which includes global investment group CDPQ.
Morgan Stanley (MS) closed the most recent trading day at $83.42, moving -0.57% from the previous trading session.
Morgan Stanley (MS) receives permission from the CSRC to set up a futures company in China.
Zacks.com users have recently been watching Morgan Stanley (MS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money.” These refineries offer the opportunity to process lower-grade lithium, which is more abundant, into batteries suitable for EVs. At the same time, hedge fund managers and analysts see promise in another aspect of powering EVs – silicon carbide chips. The electric vehicle (EV) revolution is gaining
China's securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures company in Beijing, to implement the opening-up of the country's futures market. "In the next step, the China Securities Regulatory Commission (CSRC) will continue to deepen the opening up of the futures market, and support qualified overseas institutions to invest in domestic futures companies," the regulator said in a statement.
NEW YORK, May 24, 2023--Morgan Stanley at Work released today the latest findings from its third annual State of the Workplace Financial Benefits Study: