|Bid||43.92 x 137000|
|Ask||44.10 x 10000|
|Day's Range||42.92 - 43.74|
|52 Week Range||36.06 - 48.04|
|PE Ratio (TTM)||14.25|
|Forward Dividend & Yield||0.80 (1.84%)|
|1y Target Est||N/A|
Goldman Sachs (GS) posted revenues of $1.8 billion for Investment Banking segment in 1Q18, up 5% on a YoY (year-over-year) basis and down 16% on a sequential basis. Overall, banks’ (XLF) investment banking segments have seen a sequential decline in fundraising and advisory fees in 1Q18, mainly due to volatile markets and policy changes. However, Goldman outperformed in equity and debt underwriting with YoY growth of 27%, helped by fund raises across structured and traditional debt products, public offerings, and private placements in equities.
Morgan Stanley (MS.N) on Thursday asked to have a lawsuit against it for 2.7 billion euros (2.35 billion pounds)in damages thrown out of an Italian administrative court, an Italian judge said. At the opening of the trial in Rome, the U.S. investment bank the other defendants asked a three-judge panel at the Court of Accounts, which rules on abuses of public funds, to reject the case in an acknowledgement that the judges do not have jurisdiction, Marco Fratini, one of the judges, said. The defendants, who deny any wrongdoing, maintain the issue should be reviewed by a civil court.
Morgan Stanley (MS.N) on Thursday asked to have a lawsuit against it for 2.7 billion euros ($3.34 billion) in damages thrown out of an Italian administrative court, an Italian judge said. At the opening of the trial in Rome, the U.S. investment bank the other defendants asked a three-judge panel at the Court of Accounts, which rules on abuses of public funds, to reject the case in an acknowledgement that the judges do not have jurisdiction, Marco Fratini, one of the judges, said. The defendants, who deny any wrongdoing, maintain the issue should be reviewed by a civil court.
Morgan Stanley, the last of the major U.S. banks to report first-quarter earnings, posted strong-enough results to trigger a 3% bounce in its early-morning share price, something its rivals couldn’t manage. In a quarter when several major competitors beat analyst estimates, Morgan Stanley stood out in terms of all-around performance. Long a work in progress under Chief Executive James Gorman, the bank now looks like a well-oiled machine.
Morgan Stanley reported record quarterly profits, the last of the big U.S. banks to benefit from a potent cocktail of lower taxes, active markets, lower expenses and economies growing in lockstep.
Adam Dell grew up in Houston, the son of a dentist and a stockbroker. His older brother Michael was a big deal in computing. After a career in venture capital brought him some fame and fortune of his own, ...
The U.S. Securities and Exchange Commission on Wednesday proposed a new rule that would require brokers at firms like Morgan Stanley and Merrill Lynch Wealth Management to clearly explain the fees investors pay and commissions brokers earn when giving financial advice. The 1,000-page Regulation Best Interest would require brokerages to put that information, along with any conflicts of interest and questions clients should ask, in a four-page disclosure document that brokers would be required to give investors. The rule comes after more than a decade of regulatory deliberation over how to address conflicts of interest in the investment advice industry.
Akamai Technologies, Inc. (NASDAQ:AKAM) is having an exciting 2018. Akamai Technologies stock is still riding high heading into earnings at the end of the month. On the positive side, its cloud security business is taking off.
rose just 0.06% after posting a 38% increase in first-quarter profit. S&P 500 companies are expected to post an 18.6% increase in first-quarter profit, the biggest rise in seven years, according to Thomson Reuters.
This is an increase over the company’s earnings per share of $1.00 from the same time last year. It was also good news for MS by coming in well above Wall Street’s earnings per share estimate of $1.25 for the period. Net income reported by Morgan Stanley for the first quarter of 2018 was $2.70 billion.
As investors flocked to stock, bond, commodity and currency markets to adjust their portfolios, Morgan Stanley’s broader institutional securities business reported its best results since 2007. Trading revenue soared 26 percent to $4.4 billion, topping Morgan Stanley’s chief rival, Goldman Sachs Group Inc, in dollar terms. "If Morgan Stanley's strategy could be defined simply, it would be that we will do fine when the markets are tough and we would do well when the markets are good," Chief Executive Officer James Gorman said on a call with analysts.
While Goldman Sachs Group Inc. and Morgan Stanley both beat earnings expectations easily in the first quarter, investors found some new things to worry about.