MS-PF - Morgan Stanley

NYSE - NYSE Delayed Price. Currency in USD
28.21
+0.16 (+0.57%)
At close: 4:02PM EDT
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Previous Close28.05
Open28.08
Bid28.13 x 1000
Ask28.21 x 1400
Day's Range28.01 - 28.23
52 Week Range25.35 - 28.76
Volume66,492
Avg. Volume47,900
Market Cap72.95B
Beta (3Y Monthly)0.11
PE Ratio (TTM)6.06
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.72 (6.13%)
Ex-Dividend Date2019-06-27
1y Target EstN/A
Trade prices are not sourced from all markets
  • Big banks lean on strong consumer amid trading troubles
    Yahoo Finance5 hours ago

    Big banks lean on strong consumer amid trading troubles

    All four big banks beat earnings estimates on the top and bottom lines, thanks to a strong U.S. consumer.

  • Reuters2 days ago

    RPT-Goldman banker highlights Morgan Stanley's Hong Kong IPO woes

    A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters. On Friday AB InBev called off the Hong Kong listing of its Asia Pacific brewing business, that was being managed by Morgan Stanley and JPMorgan, citing several factors, including prevailing market conditions. A further 11 banks were listed as global coordinators and bookrunners but Goldman had no role on the deal.

  • Citi earnings cast spotlight on consumer lending amid economic headwinds
    Yahoo Finance3 days ago

    Citi earnings cast spotlight on consumer lending amid economic headwinds

    Citigroup beat estimates with some help from its consumer cards business and a trading platform's IPO, but can other big banks rely on the same help in their earnings this week?

  • Citigroup Q2 earnings boosted by fixed income, cost-cutting
    Yahoo Finance3 days ago

    Citigroup Q2 earnings boosted by fixed income, cost-cutting

    Citibank is the first of Wall Street's bulge-bracket banks to report second-quarter earnings.

  • Goldman banker highlights Morgan Stanley's Hong Kong IPO woes
    Reuters3 days ago

    Goldman banker highlights Morgan Stanley's Hong Kong IPO woes

    A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters. On Friday AB InBev called off the Hong Kong listing of its Asia Pacific brewing business, that was being managed by Morgan Stanley and JPMorgan, citing several factors, including prevailing market conditions. A further 11 banks were listed as global coordinators and bookrunners but Goldman had no role on the deal.

  • Bloomberg3 days ago

    Top Budweiser IPO Banks Said to Lose Up to $170 Million in Fees

    (Bloomberg) -- JPMorgan Chase & Co. and Morgan Stanley lost out on their cut of what would’ve been the year’s biggest initial public offering last week.The top two advisers on Anheuser-Busch InBev SA’s Asia Pacific unit IPO would’ve split up to $140 million to $170 million in fees, according to people with knowledge of the matter. The world’s biggest brewer intended to raise as much as $9.8 billion before it announced Friday that it wouldn’t proceed with the listing citing “prevailing market conditions.”Click here to read more about the IPO’s failure.Advisers of Budweiser Brewing Company APAC Ltd. were slated to split about 2% of the funds raised in the IPO, said the people, who asked not to be identified because the information is private. Sponsors, or lead arrangers, would take home about 70% of the fee pool plus potential incentive payments, the people said.The banks’ reputations are taking a hit alongside their wallets as some analysts blame them for the IPO’s failure. Morgan Stanley has been ranked No. 1 for equity offerings in Asia Pacific since 2017, according to data compiled by Bloomberg. JPMorgan is eighth on equity deals in the region so far this year.“AB InBev and its bank consortium headed by JPMorgan and Morgan Stanley failed to properly price, attract cornerstone investors and drum up demand,” said Nikolaas Faes, an analyst at Bryan Garnier & Co., in a note to clients where he called the IPO a “fiasco.”Read more analyst comments on the IPO here.Representatives for AB InBev, JPMorgan and Morgan Stanley declined to comment.Budweiser had planned to seek $8.3 billion to $9.8 billion in the Hong Kong IPO, valuing the business at as much as $64 billion. It could’ve been the biggest IPO so far this year, taking advantage of the beer market’s growth in Asia to attract investors, and surpassing Silicon Valley darling Uber Technologies Inc.’s May share sale.\--With assistance from Albertina Torsoli.To contact the reporters on this story: Crystal Tse in Hong Kong at ctse44@bloomberg.net;Vinicy Chan in Hong Kong at vchan91@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Earnings season, Amazon Prime Day – What to know in the week ahead
    Yahoo Finance4 days ago

    Earnings season, Amazon Prime Day – What to know in the week ahead

    Traders this week will have plenty to sink their teeth into, between the start to second-quarter earnings season, hearings on Facebook’s controversial new cryptocurrency project and Amazon’s Prime Day extravaganza.

  • Barrons.com5 days ago

    ‘The Specter of a Democratic President Is Bad for the Market,’ Investment Manager Says

    Meryl Witmer, a Barron’s Roundtable panelist and general partner at Eagle Capital Partners, says that with the 2020 presidential campaign heating up, “searching for something that provides downside protection is our operating mode.”

  • Companies to Watch: AB Inbev lowers HK IPO range, GE faces labor troubles, Bed Bath & Beyond under pressure
    Yahoo Finance7 days ago

    Companies to Watch: AB Inbev lowers HK IPO range, GE faces labor troubles, Bed Bath & Beyond under pressure

    Anheuser Busch InBev, General Electric, Bed Bath & Beyond, Morgan Stanley, and 7-Eleven are the companies to watch.

  • Why Morgan Stanley Downgraded Global Equities
    Market Realist10 days ago

    Why Morgan Stanley Downgraded Global Equities

    Morgan Stanley (MS) recently downgraded its stance on equities from “equal-weight” to “underweight.” Let's see why.

  • Barrons.com12 days ago

    ‘Pay-to-Play’ by Mutual Fund Companies and Brokerages Is Hurting Investors. Here’s How.

    Big fund complexes are able to strike deals with brokerages to get their funds in front of the most investors. Smaller funds can’t compete—and that means less choice for investors. An inside look at so-called revenue sharing.

  • Panera Accused of Bungling $7.5 Billion Sale to Help Founder
    Bloomberg15 days ago

    Panera Accused of Bungling $7.5 Billion Sale to Help Founder

    (Bloomberg) -- Panera Bread Co. investors claimed company directors bungled the $7.5 billion sale of the restaurant chain to JAB Holding Co., alleging in court documents that the business was unloaded on the cheap because the founder wanted to cash out his stake.Disgruntled stockholders said in a filing on Monday that directors shouldn’t have let Ron Shaich, who founded Panera in 1981, handle the JAB negotiations in 2017 without the assistance of a special board committee. The company also erred in hiring Morgan Stanley as the board’s adviser because the investment bank had a long history of working for JAB, shareholders allege.Under terms of the takeover, JAB paid $315 a share for Panera, which operates more than 2,000 cafes across the U.S. and Canada. Some investors sued in 2017, and there was a six-day trial in April. Delaware Chancery Court Judge Morgan Zurn has yet to rule in the case. The investors urged Zurn to find that JAB should have paid at least $46 more per share.“The simple truth is that Panera got railroaded,’’ investors said in post-trial briefs. “JAB was an aggressive buyer that insisted on one-sided terms, Morgan Stanley was an influenced financial adviser who facilitated JAB’s strategy (not Panera’s), and Ronald Shaich was a company founder with outsized influence and personal motivation to close the deal.”Lawyers for JAB and Panera say objecting shareholders aren’t entitled to $361 per share for their stock, but actually should receive about $12 less than investors who signed off on the $315 per share offer. The dip can be tied to subtraction of the value of business synergies created by the combination, according to the filings.A Morgan Stanley spokesman declined to comment on the case. Tom Johnson, a U.S.-based spokesman for JAB, Wesley McDade, and Darren Brandt, a spokesman for Shaich, didn’t immediately respond to requests for comment.Buying Panera added another U.S. brand to JAB’s growing retail food and drink empire. The German company already owns Stumptown Coffee Roasters, Keurig Green Mountain, Krispy Kreme Doughnuts, Jacobs Douwe Egberts and Peet’s Coffee & Tea, among others. It acquired the Au Bon Pain bakery chain the same year it scooped up Panera.JAB ExpansionJAB, backed by Austria’s billionaire Reimann family, has invested in a variety of consumer-goods companies, such as cosmetics giant Coty Inc. and Durex condom maker Reckitt Benckiser Group Plc. Four of the Reimanns each have a net worth of about $2.9 billion, according to the Bloomberg Billionaires Index.Shaich created Au Bon Pain Co. in 1981 along with a former partner. After acquiring Saint Louis Bread Co. in 1993, he changed the name to Panera. The firm became a fast-casual-dining darling of the restaurant industry, focusing on fresh offerings to appeal to health-conscious consumers. The company has also invested heavily in mobile ordering and digital technology.While JAB’s offer amounted to a 20.3% premium, some Panera investors sued in 2017 arguing Shaich rushed into the deal so he could make a bundle on his stock and retire without doing any serious evaluation of the chain’s market value.“The board never formed a special committee, delayed hiring a financial adviser, and did not receive a valuation until the day they voted on the deal,” shareholders said in the filing. “As a result, the board was uninformed, ill-prepared, and vulnerable to conflicts.”Once they did hire an adviser, Shaich and fellow directors also acquiesced to JAB’s suggestion that they add Morgan Stanley as their financial adviser on the deal, investors contend. The New York-based investment firm had a long track record of advising JAB and providing funding for its deals. That raises questions about Morgan Stanley’s independence, investors alleged.‘Many Entanglements’“Morgan Stanley, Panera’s supposedly ‘independent’ sell-side financial adviser, owed significant allegiances to its long-time buy-side client, JAB,” according to the filing. “The many entanglements between JAB and Morgan Stanley were either not disclosed to the board until days before signing or not disclosed at all.”The April trial focused on claims by four Panera shareholders, including 2017 Arlington LLC, Canyon International LLC, Short Hills Capital Partners LLC and Yellowstone Global LLC, according to court filings.In their post-trial brief, JAB and Panera said the Delaware Supreme Court has stressed that one main factor to be weighed in determining if a stock valuation is fair is the deal price resulting from arm’s-length negotiations.Unhappy investors are wrongly asking Zurn to “disregard entirely the price negotiated by the parties and to adopt instead a fair value derived from their litigation expert’s” flawed analysis, the companies argued.The case is In RE Appraisal of Panera Bread Co., No. 2017-0593, Delaware Chancery Court (Wilmington).(Updates with details from company’s post-trial briefs in 15th paragraph.)\--With assistance from Craig Giammona.To contact the reporter on this story: Jef Feeley in Wilmington, Delaware at jfeeley@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Steve Stroth, Peter JeffreyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg15 days ago

    Fund Manager Who Backed Palantir Raises Funds for New Long-Term Capital Firm

    (Bloomberg) -- Burak Alici, a veteran Morgan Stanley mutual fund manager, is starting his own firm to invest in public and private companies through a permanent-capital vehicle, according to a person familiar with the matter.Qvidtvm Inc. is seeking to raise $100 million to $200 million, using a C-corp structure that caters to family offices in which investors lock up capital for years, said the person, who asked not to be identified because the firm hasn’t officially launched. The vehicle, which the firm plans to list as a publicly traded conglomerate, will focus on equity investments in consumer goods, industrials and digital companies.Alici, 43, left Morgan Stanley Investment Management earlier this year after working there since 2007, managing the Global Discovery Portfolio. The fund has outperformed about 97% of its peers in the past three years, helped in part by bets on Bernard Arnault’s Christian Dior SE as well as early investments in Dropbox Inc., Airbnb Inc., Blue Bottle Coffee Inc. and Palantir Technologies Inc., the controversial data-mining company co-founded by Peter Thiel.He is bringing Morgan Stanley alumna Nina Murphy with him as chief operating officer as well as Max Schwendner, formerly of JPMorgan Chase & Co., as director of private investments, the person said. The team has started investing as it raises funds, taking a stake in Italian coffee company Ditta Artigianale.Representatives for Qvidtvm and Morgan Stanley declined to comment.The firm, whose name comes from a Latin phrase translated as what next, is launching at a time when more investors are willing to make longer-duration capital commitments to seek better returns. They’re wagering that buying equity in companies in the private market and tying that money up as the investment matures will yield more than the shorter holding period of hedge funds, for example. Warren Buffett built his Berkshire Hathaway Inc. around such a buy-and-hold model of investing.The Turkish-born Alici holds degrees from Columbia University, Boston College and Bogazici University in Istanbul. He will be based in Texas, while the rest of the investment team is in New York.To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.netTo contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, ;Alan Mirabella at amirabella@bloomberg.net, Josh Friedman, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Exclusive: Morgan Stanley likely to gain majority control of China securities JV in H2 - sources
    Reuters20 days ago

    Exclusive: Morgan Stanley likely to gain majority control of China securities JV in H2 - sources

    Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters. The U.S. investment bank's joint venture informed the China Securities Regulatory Commission (CSRC) a couple of months ago about plans to changes in equity holding, subject to regulatory approval, the people said. Morgan Stanley is seeking to raise its holding in the venture with Chinese partner Huaxin Securities to 51% from 49%.

  • Exclusive: Morgan Stanley likely to gain majority control of China securities JV in second half - sources
    Reuters20 days ago

    Exclusive: Morgan Stanley likely to gain majority control of China securities JV in second half - sources

    Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters. The U.S. investment bank's joint venture informed the China Securities Regulatory Commission (CSRC) a couple of months ago about plans to changes in equity holding, subject to regulatory approval, the people said. Morgan Stanley is seeking to raise its holding in the venture with Chinese partner Huaxin Securities to 51% from 49%.

  • Morgan Stanley Adds to Chorus of Trade War Concerns
    Market Realist21 days ago

    Morgan Stanley Adds to Chorus of Trade War Concerns

    Morgan Stanley’s (MS) CEO, James Gorman, said today that China and the US must come to a truce, as a full-blown trade war would be devastating to the global economy. He said, “We can’t have a trade war.” He added, “It will have a devastating effect to the global economy. That doesn’t mean there can’t be changes to the way the trade agreements are being written.”

  • Why Is Gold Morgan Stanley’s Top Commodity Pick?
    Market Realist21 days ago

    Why Is Gold Morgan Stanley’s Top Commodity Pick?

    Morgan Stanley (MS) is another investment bank that's warming up to gold. As reported by CNBC, Morgan Stanley’s commodity strategist, Susan Bates, said that gold is the company's number-one commodity pick.

  • Reuters22 days ago

    MOVES-Goldman Sachs hires Asia healthcare banker from Morgan Stanley -sources

    Goldman Sachs has hired Samuel Thong from Morgan Stanley as the chairman of the healthcare group in the bank's Asia excluding-Japan investment banking division, people with knowledge of the move said. Thong, who will also be designated as co-head of the U.S. bank's healthcare group in Asia excluding-Japan, will start in his new role next month, said the sources, who declined to be named as the information is not public yet.

  • 3 Paint and Coatings Stocks Holding Support
    Investopedia23 days ago

    3 Paint and Coatings Stocks Holding Support

    Paint and coatings stocks have retreated toward support amid trade tariffs and margin pressure. Brush up on three trading ideas to play a rebound.

  • How To Make a 12,000% Return On Uber's IPO
    Investopedia23 days ago

    How To Make a 12,000% Return On Uber's IPO

    Goldman Sachs is poised to take in $600 million after a $5 million investment in Uber seven years ago.

  • Double Top Spells Trouble for 3 Health Care Stocks
    Investopedia23 days ago

    Double Top Spells Trouble for 3 Health Care Stocks

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  • Investment Banks Trading at Trendline Support
    Investopedia23 days ago

    Investment Banks Trading at Trendline Support

    Corporate deals should support investment bank earnings in 2019. These three stocks appear oversold and look ready to rebound.

  • How to Become a Successful Stock Broker
    Investopedia23 days ago

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  • Morgan Stanley’s top fixed income strategist on best places to invest
    Yahoo Finance Video22 days ago

    Morgan Stanley’s top fixed income strategist on best places to invest

    Morgan Stanley Investment Management Chief Investment Officer of Global Fixed Income Michael Kushma joins The Final Round to discuss the best areas to invest in the current monetary policy environment.