56.91 +0.01 (0.02%)
After hours: 5:45PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||56.65 - 57.29|
|52 Week Range||40.06 - 57.50|
|PE Ratio (TTM)||15.77|
|Forward Dividend & Yield||1.00 (1.74%)|
|1y Target Est||N/A|
Morgan Stanley said one of its global co-heads for consumer and retail investment banking will be based in Asia, signaling the increasing importance of deals in those fast-growing sectors in the region....
Officials opened a key round of negotiations to modernize NAFTA on Tuesday amidst optimistic signs, as U.S. President Donald Trump said the talks were going "pretty well" and Canada's chief negotiator said he had high hopes for progress. Trump's remarks helped the Mexican peso stem its losses, a reflection of how closely markets are watching efforts by the United States, Canada and Mexico to revamp a 1994 pact that the U.S. president has frequently threatened to abandon.
Of the analysts surveyed by Reuters, ~55% have rated Morgan Stanley (MS) a “buy.” Of the remaining 45%, 11% have given the stock “strong buy” recommendations, and 30% have given it “hold” recommendations. The above graph depicts analysts’ recommendations and mean price targets for MS. A total of 30% of analysts have rated Goldman Sachs (GS) as a “buy,” 33% have rated Citigroup as (C) a “buy,” and 26% have rated JPMorgan Chase (JPM) as a “buy.” MS makes up 2.3% of the iShares U.S. Financial Services ETF (IYG).
Morgan Stanley (MS) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Morgan Stanley has named David Aronovitch, one of its senior Asia dealmakers, as global co-head of consumer retail investment banking, according to an internal memo. Aronovitch, who joined Morgan Stanley in 1998 as an analyst and worked in New York and London before moving to Asia in 2006, would continue to head Asia Pacific consumer retail investment banking, according to the memo seen by Reuters. In his new role, Aronovitch will share responsibilities with his U.S.-based colleagues, David Ciagne and Ben Frost.
Morgan Stanley has named David Aronovitch, one of its senior Asia dealmakers, as global co-head of consumer retail investment banking, according to an internal memo. Aronovitch, who joined Morgan Stanley in 1998 as an analyst and worked in New York and London before moving to Asia in 2006, would continue to head Asia Pacific consumer retail investment banking, according to the memo seen by Reuters.
Morgan Stanley, seeking to clarify circumstances surrounding the departure last month of former Congressman Harold Ford Jr., said Monday his separation was based on violations of corporate policy.
President Donald Trump signed a bill to cut corporate tax rates from 35% to 21% last month. Charges taken for tax have created a revenue dent for most banks, including Citigroup (C), Bank of America (BAC), and Goldman Sachs (GS). Morgan Stanley (MS) has reported a one-time net discrete tax provision of $990 million, composed of a ~$1.2 billion tax discrete provision offset by ~$168 million associated with reserves and interest-related tax examinations.
Morgan Stanley Chief Executive James Gorman made $27 million last year, a 20% raise that sends a strong signal from the firm’s the board that it approves the progress he has made in reviving the once struggling ...
A flop of an initial public offering by ADT Inc. is the latest black eye for Wall Street’s struggling underwriting business.
Private equity firm Vista Equity Partners Management LLC is exploring options for two software companies it owns, PowerSchool and PeopleAdmin, that could involve combining them in a deal worth between $2 billion to $3 billion, according to people familiar with the matter. Private equity firms have been taking advantage of the high valuations in the educational technology sector to cash out on their holdings.
Morgan Stanley boosted Chief Executive Officer James Gorman’s 2017 compensation by 20 percent to $27 million, the most pay he’s received since taking the helm eight years ago.
Big banks began to report earnings in the week ended Jan. 12, and the financial earnings news flow continued into the week ended Jan. 19. A Muted Show The financial sector turned in 2.4-percent year-over-year ...
U.S. stocks drifted lower on Thursday amid growing fears of a possible government shutdown on Friday night. A breakdown in bi-partisan negotiations concerning immigration has worsened, with a pre-shutdown blame game commencing with President Donald Trump and Congressional Democrats all angling to blame the other party for what looks like an inevitable standoff. Decliners outpaced advancers by a 2.6-to-1 ratio as 180 NYSE issues made new highs vs. 93 new lows.
For the quarter ending in December, brokerage firm Morgan Stanley turned $9.5 billion worth of revenue into net income of $685 million, or a per-share profit of 29 cents. After backing out the one-time tax hit of $990 million related to new corporate tax rules recently put in place, Morgan Stanley actually earned $1.68 billion, for a profit of 84 cents per share of MS stock. Analysts were only expecting a top line of $9.2 billion and earnings of 77 cents per share.
Morgan Stanley said its fourth-quarter profit rose 14%, excluding a tax charge, as its retail brokers and investment bankers compensated for lower trading revenue.