57.76 +0.29 (0.50%)
After hours: 5:42PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||56.89 - 57.87|
|52 Week Range||40.06 - 59.38|
|PE Ratio (TTM)||18.72|
|Forward Dividend & Yield||1.00 (1.74%)|
|1y Target Est||N/A|
In an amended filing with the U.S. Securities and Exchange Commission, Spotify said it expected current shareholders to sell up to 55.7 million ordinary shares when the stock begins trading on the New York Stock Exchange on April 3. Instead of a traditional IPO, Spotify plans a direct listing, which will let investors and employees sell shares without the company raising new capital or hiring a Wall Street bank or broker to underwrite the offering. Spotify is valued at roughly $19 billion on the private markets but has not set an opening share price for its direct listing.
Morgan Stanley is starting to see some wealth management customers bring assets into the bank that they had held at other firms, President Colm Kelleher said on Tuesday. Morgan Stanley's retail investors have put most of their cash balances at the bank to work in the market, and are bringing more money into those accounts, Kelleher said at a financial industry conference in London. In the first two months of the year, which were marked by bursts of volatility, Morgan Stanley's wealth unit posted "very high" revenue from accounts whose customers pay per trade rather than a flat fee, he added.
Morgan Stanley, the top equities shop on Wall Street, is ready for dealing bonds to look more like trading stocks.
Morgan Stanley had "very high" revenue in its wealth business in the first two months of 2018, but that has tailed off, President Colm Kelleher said on Tuesday at a European financials conference. ...
Morgan Stanley's (MS) investment management unit successfully completes acquisition of commercial real estate credit platform, Mesa West.
Investing.com - Cryptocurrency prices traded higher on Tuesday, with most of the top digital coins gaining more than 4%.
Sometimes stocks break out, then just undercut the buy point, which remains valid. Apple, Microsoft, PayPal, Charles Schwab, Morgan Stanley are current examples.
The mining sector is beginning to invest in new projects and to cautiously expand production as it recovers from a deep commodity markets crash in 2015-16, increasing the amount it spends on new equipment on expansion in minerals such as copper and those used to make batteries. Michelin has offered 610 pence in cash for each Fenner share, representing a more than 30 percent premium to the British company's closing price of 466.6 pence on Friday. Fenner's directors intend to unanimously recommend its shareholders vote in favour of the acquisition at a meeting in May, the French firm said.
WASHINGTON (AP) — In a March 15 story about a new U.S. advisory board created to help rewrite federal rules for importing body parts of certain animals killed in Africa, The Associated Press reported erroneously that appointee Olivia Opre had previously killed a black rhino and was a Miss America contestant. Opre says she shot a white rhino with a non-lethal tranquilizer dart, but has not killed a black rhino, and says she competed in the Mrs. America pageant, not the Miss America pageant.
A U.S. judge on Thursday dismissed a lawsuit against 16 big banks by retail foreign currency investors who claimed they were indirectly harmed by a conspiracy to rig prices. U.S. District Judge Lorna Schofield in Manhattan said the investors failed to show they had legal standing to pursue antitrust claims, or that the banks' alleged conspiracy in the $5.1-trillion-a-day currency market was the proximate cause of their losses. The plaintiffs claimed they were injured by having bought currencies from dealers that did not rig prices, but which passed on the costs of the conspiracy.
Goldman Sachs struggled with trading revenue in 2017 but that should offer easy comparisons in 2018, says JPMorgan, naming Goldman its top Wall Street bank.
Moody's Investors Service has affirmed the ratings of Morgan Stanley (senior debt at A3) and its rated subsidiaries, including Morgan Stanley Bank N.A. (deposits at A1), Morgan Stanley & Co. International ...
Ami Forte, the Tampa Bay investment advisor who was fired from Morgan Stanley after an arbitration ruling went against her and the company, has joined Pinnacle Investments LLC, a broker/dealer and investment advisory firm. Forte is chief business development officer and financial advisor for Syracuse, New York-based Pinnacle, and she will be based in the Tampa area, establishing Pinnacle Investments in Florida and working to grow the company's presence in the state.
On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota. According to the new contract, Albemarle can produce 145,000 metric tons of lithium carbonate equivalent until 2043 in Chile. Albemarle will use its new innovative technology to produce more lithium without pumping additional brine, which could bring down its cost and improve margins.
The advisor was fired two years ago, after she and her firm lost an arbitration case.
The next chief executive at Goldman Sachs (GS) looks likely to be David Solomon, and that could be good news for shareholders. To see why, consider that Goldman over the past decade has traded at an average premium of 23% to its rival Morgan Stanley (MS), based on the ratio of its share price to its book value per share. More recently, Goldman traded at a 12% discount.
Mar.20 -- On this edition of "Market Masters," Lisa Shalett, head of investment and portfolio strategies at Morgan Stanley, discusses investment strategy and the outlook for tech stocks with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets."
Mar.20 -- Lisa Shalett, head of investment and portfolio strategies at Morgan Stanley, discusses her investment strategy in a higher interset rate environment with Bloomberg's Scarlet Fu and Julia Chatterley on "Bloomberg Markets."
Mar.20 -- Ellen Zentner, chief U.S. economist at Morgan Stanley, discusses the Federal Reserve's rate path. She speaks on "Bloomberg Daybreak: Americas."
Mar.15 -- Hans-Guenter Redeker, global head of FX strategy at Morgan Stanley, discusses the impact on the dollar from administration changes at the White House and the deficit. He speaks with Tom Keene on "Bloomberg Surveillance."