|Bid||48.36 x 800|
|Ask||49.65 x 900|
|Day's Range||49.15 - 49.97|
|52 Week Range||46.28 - 59.38|
|PE Ratio (TTM)||12.58|
|Forward Dividend & Yield||1.20 (2.49%)|
|1y Target Est||N/A|
Former Bear Sterns CEO Alan Schwartz explains how the Federal govenrment stepped in and set the historic price of $2 a share for Bear Stearns and its sale to JPMorgan Chase.
Ten years past the financial crisis, former Bear Stearns CEO Alan Schwartz has been asked often about the most important lessons learned from that period.
Morgan Stanley (MS.N) has sued six brokers who left an Illinois branch of the firm last week to join competitor Stifel Nicolaus (SF.N), alleging that they have been soliciting Morgan Stanley clients in violation of employment agreements. Filed on Wednesday in Chicago federal court, the lawsuit said the team managed about $660 million in assets at Morgan Stanley's Bourbonnais office before their sudden resignations on Sept. 13. The brokers apparently took client files and contact information with them and have been asking clients to move to Stifel, the lawsuit alleged.
Tech giant Microsoft (MSFT) has been returning cash to its investors and boosting its dividend payments for the last 14 years. Most recently, the company announced a rise in its quarterly dividend. The 9.5% hike in the company’s dividend was better than last year’s hike of 7.7%. A report by Morgan Stanley (MS) had stated earlier that Microsoft investors could expect an improved dividend payout in September.
Let me stipulate that Tesla (NASDAQ:TSLA) is great, and what it has done is amazing. In less than a decade Tesla has transformed the automotive industry. Its all-electric, high performance cars, designed and built in the USA, outshine anything on the road.
The overall analyst consensus recommendation for Celanese stock indicates a target price of $131.20 which implies a return potential of 15.7% over its closing price on September 18. In the past three months, analysts have increased CE’s target price from $125.50 to its current target price.
Investing.com - Tencent Music Entertainment Group, China’s largest music-streaming firm, is looking to raise around $2 billion in a U.S. listing, down from the $4 billion touted before, according to sources from Reuters.
Jeff McMillan, Morgan Stanley managing director, discusses the future of artificial intelligence in wealth management with Bloomberg's Emily Chang on "Bloomberg Technology." (Source: Bloomberg)...
Despite CEO Elon Musk's insistence in April that Tesla would be cash-flow positive by the end of its current fiscal year, analysts say the company will likely need to raise more equity by early next year.
Goldman Sachs has vaulted past Citigroup to reclaim the second spot in the benchmark ranking of the world’s biggest investment banks by revenue, setting the scene for Lloyd Blankfein to bow out of the ...
UK authorities have stepped up efforts to wean markets off the tarnished Libor interest rate benchmark, asking chief executives of major banks and insurers for detailed plans to move to alternative rates. JPMorgan and Morgan Stanley were among the UK-supervised institutions to receive a letter on Wednesday from the Financial Conduct Authority and Prudential Regulation Authority (PRA) asking for detailed risk assessments for their Libor exposures. City regulators are trying to gradually push the financial system off Libor, an interest rate underpinning about $170tn in interest rate swaps, mortgages, consumer loans and credit card rates but which in recent years has been tarnished by a series of manipulation scandals.
Australia & New Zealand Banking Group Ltd. has rekindled a long-running effort to sell its stake in family-controlled lender PT Bank Pan Indonesia, recently hiring Morgan Stanley to help find a buyer, people with knowledge of the matter said. ANZ plans to start gauging interest again from potential private equity and strategic buyers, the people said, asking not to be identified because the process is private. The Australian lender has made attempts to offload the stake at least since 2013, when new regulations made it more expensive to hold minority overseas investments.
The PBV (price-to-book value) ratio is considered to be the best ratio to use if you want to value bank stocks. JPMorgan Chase (JPM) is currently trading at a PBV ratio of 1.65x, a considerable premium to the industry (XLF) average of ~1.48x. Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Morgan Stanley (MS) have PBV ratios of 1.26x, 1.46x, 0.98x, and 1.19x, respectively.
Yesterday, JPMorgan Chase (JPM) received some positive commentary from Erika Najarian, an analyst at Bank of America (BAC), as per a report by Benzinga. Citing multiple growth factors, the analyst raised the target price on the largest US bank to $132 from $126 and reiterated its “buy” rating.
When Chinese electric-vehicle maker NIO (NYSE:NIO) launched its IPO on Wednesday, NIO did not look so inspiring. The company priced its stock at $6.26, which was on the low-end of the $6.25-$8.25 range. NIO IPO raised about $1 billion, but NIO wanted to raise $2 billion-$3 billion. The first-day performance of NIO was also muted. Note that the shares rose only about 5.4%. The underwriters on the deal included Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and JP Morgan (NYSE:JPM).
Last week, investment bank Goldman Sachs (GS) warned investors about the declining demand for memory chips. Goldman Sachs lowered Micron’s (MU) rating from “buy” to “neutral.” Goldman Sachs analyst Mark Delaney expects “incrementally weaker demand datapoints combined with accelerating supply growth” in the last quarter of 2018 and the first half of 2019.
The software company joins the growing number of Bay Area tech enterprises filing for IPO this year, including SurveyMonkey, DocuSign and Zuora.
Bayer (BAYGn.DE) is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro (1COV.DE), three people familiar with the matter told Reuters. Bayer, which is focussing on healthcare and crop protection after the takeover of U.S. seed maker Monsanto, has mandated Morgan Stanley (MS.N) to help with the transaction. Covestro, Morgan Stanley and Bayer declined to comment.
The price-to-book value ratio (or PBV) is considered the best multiple for valuing companies in the insurance, finance, and banking spaces, as these companies have significant liquid and tangible assets on their books. A PBV of lower than 1.0 indicates that a stock is undervalued and is considered a good buy. Wells Fargo & Company (WFC) is currently trading at a PBV of 1.54x, a slight premium to the industry average of ~1.48x.
Analysts are bullish about JPMorgan Chase (JPM). Analysts expect decent growth in JPMorgan Chase’s stock price from the current level. The company’s impressive track record of strong quarterly performances and its encouraging outlook for 2018 instilled confidence among analysts.
CEO of Aperture Investors says perform or take a pay cut to his portfolio managers. Yahoo Finance's Seana Smith, Dion Rabouin, and Jennifer Rogers discuss with CEO Peter Kraus.
Sep.20 -- Ruchir Sharma, Morgan Stanley head of emerging markets and chief global strategist, discusses investment strategy with Bloomberg's Scarlet Fu on "Bloomberg Markets: The Close."
Sheila Bair, former FDIC chair, spoke to Yahoo Finance's Seana Smith about the economy 10 years after that the financial crisis.