|Bid||39.81 x 1200|
|Ask||39.82 x 3200|
|Day's Range||39.71 - 40.94|
|52 Week Range||39.56 - 59.38|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||9.59|
|Earnings Date||Jan 16, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||1.20 (2.96%)|
|1y Target Est||57.38|
Morgan Stanley Wealth Management’s Andy Saperstein has his eye on $2 trillion of assets that the firm’s clients hold outside the company.
Amid diving energy prices, the market for Treasury Inflation Protected Securities now signals a sub-2 percent annual inflation pace over at least the next 30 years. The plunge in breakeven rates -- a gauge of traders’ inflation expectations -- comes even as annual growth in consumer prices is hovering just above 2 percent. “Inflation breakevens continue to be under pressure, but the fundamental case for owning them appears to be intact,” Goldman Sachs analysts including Praveen Korapaty wrote in a note Wednesday.
Investors need to pay close attention to Morgan Stanley (MS) stock based on the movements in the options market lately.
The U.S. lender has about 40 employees on the sales and trading desks and providing support in Moscow, while its remaining local presence will be focused on corporate finance, capital markets and mergers and acquisitions, the people said. “Morgan Stanley remains committed to Russia and will maintain our longstanding on-the-ground presence in Moscow and ensure that our clients in Russia continue to benefit from the capabilities of the firm, in particular as it relates to investment banking and global capital markets,” the bank’s press service said in a statement, declining to comment specifically on the closures.
aims to ensure its advisors come out tops in the digital world. In a news release, Morgan Stanley says it will use New York-based Yext’s “artificial-intelligence-ready data structure” to power the websites of its more than 15,000 advisors and ensure they have maximum visibility in searches.
Shares of Chinese medical tech platform WuXi AppTec ended flat on their first day of trading in Hong Kong on Thursday, joining a list of subdued debuts in the city this year with trade tensions keeping investors on tenterhooks. WuXi AppTec, listed in Shanghai, had raised $1 billion in its Hong Kong initial public offering (IPO), valuing the firm at $10.2 billion in a deal that marks one of this year's last big stock offerings in the Asian financial hub. Its shares opened trade at HK$67 ($8.58) and closed at HK$68, flat compared to the offer price of HK$68.
At a meeting of the Politburo Thursday led by President Xi Jinping, top leaders signaled that campaigns announced last year against financial risk, pollution and poverty will continue. The annual gathering lays down priorities for economic policy for the coming year, though detailed targets aren’t usually released until legislative meetings in March.
is to close its equities and FX trading desks in Moscow as a stagnant Russian economy and sanctions continue to chip away at western investment banks’ business there, two people familiar with the plans told the Financial Times. The US bank will relocate its Russian trading businesses to London, eventually resulting in a halving of its Moscow banker staff to about 30, the people said. The move will see Morgan Stanley revert to the smaller operation it ran from 1994 until 2008, when it opened a full-service office in Moscow after obtaining a banking licence.
Chinese medical tech platform WuXi AppTec fell 1.3 percent on its Hong Kong debut on Thursday, after raising $1 billion in a listing in the Asian financial hub. WuXi AppTec, also listed in Shanghai, is among the last deals of the year in Hong Kong, which is set to become the world's top initial public offering centre by volume this year, with $33.2 billion raised so far, Refinitiv data shows. WuXi AppTec's shares opened at HK$67 ($8.58) and then dropped to as low as HK$64.95 before rising again to HK$67.5, still below the offer price of HK$68.
Morgan Stanley has raised more than $1.4 billion for a new fund. Dubbed the North Haven Tactical Value Fund, the New York-based investment bank plans to invest in a wide range of asset classes and industries. Morgan Stanley (NYSE: MS) didn't disclose what it originally intended to raise but noted that it had significantly exceeded its original fundraising target.
Keefe, Bruyette & Woods, a Stifel Financial Corp. (SF) investment banking company, took action on large U.S. banks on Tuesday. Keefe, Bruyette & Woods analyst Brian Kleinhanzl has downgraded Morgan Stanley (MS) from outperform to market perform. The new price target of Keefe, Bruyette & Woods reflected a nearly 11% upside from the share price of $40.62 at close Tuesday.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 11 Dec 2018. New York, December 11, 2018-- ASSIGNMENTS:.
The so-called core consumer price index, which excludes volatile food and energy costs, rose 0.2 percent from the prior month and 2.2 percent from a year earlier, according to a Labor Department report Wednesday. The broader CPI was unchanged from the prior month, also in line with projections, as energy prices plunged. The report indicates underlying inflation is steadying around the Fed’s 2 percent goal, without flaring up, as prices get support from the recent pickup in wages as well as higher materials costs amid the tariff war with China.
Morgan Stanley Investment Management today announced it has raised over $1.4 billion for North Haven Tactical Value Fund LP and its related funds , significantly exceeding its original fundraising target.
The fund was created to meet demand for private investments in the Volcker Rule era, said David Miller, head of private credit and equity at Morgan Stanley Investment Management. As much of two-thirds of the fund’s investments could come from within the bank’s capital-markets division, its wealth manager and asset manager.
Tencent Music Entertainment Group's initial public offering (IPO) priced at $13 per American depositary share Tuesday afternoon, but shares surged to $14.10 after they began trading on the New York Stock Exchange. According to The Wall Street Journal, $13 is considered the bottom end of the expected range, which makes the offering at about $1.1 billion for the company and its selling shareholders. The IPO comes as trade-related tensions between the U.S. and China escalate.
Sharper-than-expected hits from Federal Reserve tightening and China’s deleveraging campaign, along with the blow to sentiment from trade tensions, sent spreads surging 109 basis points to the highest in about three years. “Rising U.S. rates, weakness in the RMB versus the dollar, EM concerns spilling over and trade war tensions all contributed to this shift in investor sentiment” for Asian high-yield bonds, Goldman Sachs Group Inc. strategists including Kenneth Ho wrote in their 2019 outlook. Asia’s investment-grade bonds handed investors a 1.4 percent loss since the start of the year.
The Wall Street bank was selected by Uber to lead its public offering next year. What probably gave Morgan Stanley the edge was that it helped the company sell its first high-yield bonds and loans -- and at no small risk to itself. Morgan Stanley led the bank group that arranged Uber’s first foray into junk debt markets in 2016.
Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019. News of Uber's choice, first reported by Bloomberg, comes after a months-long bidding war, of sorts, between Morgan Stanley and Goldman Sachs. The pair of investment banks presented IPO plans to Uber this fall, in hopes of landing the top underwriting spot in what will be one of the largest stock market debuts to date.
, sold its majority stake in Hojeij Branded Foods Inc., an airport food-and-beverage concessionaire, to Lagardère Travel Retail for $330 million. Morgan Stanley Capital acquired a majority stake in Hojeij in 2015 in a transaction that valued the company at $155 million, according to a press release. Morgan Stanley’s private-equity platform said during its investment period, Hojeij expanded into new airports and geographies, more than doubled its earnings before interest, tax, depreciation and amortization and acquired Vino Volo, a wine bar operator.
Banks get beaten down. What can fix the banks? With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.