|Day's Range||46.10 - 46.79|
|52 Week Range||27.79 - 47.33|
|PE Ratio (TTM)||13.82|
|Dividend & Yield||1.00 (2.15%)|
|1y Target Est||N/A|
Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action suit filed in Alabama state court by the city of Birmingham's pension fund which says that they failed to do adequate due diligence.
LONDON/DUBLIN, July 21 (Reuters) - Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc. International banks are planning to set up subsidiaries in the EU to ensure they can continue to serve clients if their London operations lose the ability to operate across the bloc once Britain leaves in March 2019.
Recruiting and attrition have slowed down at Morgan Stanley as the firm, like other big brokerages, has de-emphasized big signing bonuses, reports InvestmentNews. On an earnings call, Morgan Stanley senior executives revealed, without disclosing specifics, that the trend had helped bolster results, the publication notes. Morgan Stanley, Merrill Lynch and UBS in recent months have moved to cut back on the recruiting arms race.