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Stock Market & Financial Investment News

News Breaks
August 21, 2014
12:50 EDTDB, MSDeutsche Bank divests natgas trading book to Morgan Stanley, Reuters says
Deutsche Bank (DB) decided to sell Morgan Stanley (MS) its North American natural gas trading book, according to Reuters, citing a source familiar with the agreement. Reference Link
News For DB;MS From The Last 14 Days
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April 17, 2015
15:31 EDTMSNotable companies reporting before Monday's open
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13:54 EDTMSMorgan Stanley technical comments ahead of results
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13:43 EDTMSEarnings Watch: Morgan Stanley to report after CFO departs
Morgan Stanley (MS) is scheduled to report first quarter earnings before the open on Monday, April 20, with a conference call scheduled for 8:30 am ET. Morgan Stanley is an investment bank. EXPECTATIONS: Analysts are looking for earnings per share of 78c on revenue of $9.17B, according to First Call. The consensus range for EPS is 72c-86c on revenue of $8.87B-$9.55B. LAST QUARTER: Morgan Stanley reported weaker than expected fourth quarter results. The company said that its results were adversely affected by "choppy market conditions," although it characterized the results as strong. On February 25, the bank agreed to pay $3.6B to the U.S. to settle claims related to residential mortgage-backed securities. On March 11, Morgan Stanley announced that it would repurchase $3.1B of its shares and raise its dividend to 15c per share from 10c per share. On March 24, the bank announced that its CFO, Ruth Porat, would resign to take a similar position at Google (GOOG). Morgan Stanley announced that it had chosen Jonathan Pruzan, the co-head of its Global Financial Institutions Group in Investment Banking, to succeed Porat. STREET RESEARCH: Two research firms were divided on the outlook for Morgan Stanley's Q1 results. On March 16, well-known analyst Dick Bove of Rafferty Capital wrote that the bank's Q1 results were not looking strong. Trade data from the Federal Reserve suggested that Morgan Stanley was losing ground in several key categories, with trading flat to down overall and investment banking not faring much better. However, Bove continued to identify the bank as one of his top picks for 2015. However, Susquehanna on April 7 raised its estimates for Morgan Stanley, citing a stronger fixed income performance, driven by rate and currency volatility. Morgan Stanley's Q1 results should improve nicely versus its Q4 performance, added the firm, which nonetheless reiterated a Neutral rating on the stock. PEER RESULTS: Goldman Sachs (GS) reported stronger than expected Q1 results, as its investment banking revenue rose 7% versus the same period a year earlier and its institutional client services revenue surged 23% year-over-year. JPMorgan (JPM) reported on Monday that its Q1 gross investment banking revenue from its commercial banking clients had soared 68%. PRICE ACTION: Morgan Stanley's stock is up 5% over the last three months and up over 10% over the last six months.
07:31 EDTMSU.K. postpones debt buyback due to Bloomberg terminal crash, WSJ reports
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06:33 EDTDBSources: Halliburton hires BofA, Deutsche Bank to sell assets, Reuters reports
According to sources, Reuters reports that Bank of America (BAC) and Deutsche Bank (DB) have been hired by Halliburton (HAL) to sell two assets that could be valued at up to $5B. Bank of America will work to sell some of Halliburton's Sperry Drilling business, including logging-while-drigging, directional drilling and measuring-while-drilling, while Deutsche Bank is mandated to sell Halliburton's drill bits businesses. Halliburton is seeking to divest some assets to ease regulators' antitrust concerns in its $35B merger deal with Baker Hughes (BHI). Reference Link
April 16, 2015
08:56 EDTMSMorgan Stanley April weekly volatility elevated into Q1 and outlook
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April 15, 2015
06:41 EDTDBECB authorizes new emergency funding for Greek banks, Reuters reports
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06:20 EDTDBDeutsche Bank fined $8.4M by Dubai Financial Services Authority
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06:11 EDTMSRegulators seek to end 'too big to fail' firms, WSJ reports
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April 14, 2015
19:56 EDTMSMorgan Stanley nearing $1B deal for oil trading and storage unit, WSJ says
Castleton Commodities International has become the leading bidder for Morgan Stanley's oil-trading and storage unit, offering more than $1B for the business, reports the Wall Street Journal, citing people familiar with the matter. Any potential deal remains weeks away, said the sources.Reference Link
08:35 EDTMSEtsy offering vendors chance to participate in IPO, WSJ reports
Etsy (ETSY), through a program being overseen by Morgan Stanley (MS), is giving its vendors and other small investors the opportunity to buy as much as $2,500 in stock just before its public float, reported The Wall Street Journal. The bank's customary account fees are being waived for the program, via which participants can offer to buy between $100 and $2,500 worth of Etsy stock, people familiar with the matter told the Journal. Reference Link
April 13, 2015
20:02 EDTDBDeutsche Bank to reach decision on future business model next week, Reuters says
Deutsche Bank's management board will reach a decision on the company's future business model by next week and present its plans during an April 24 extraordinary supervisory board meeting, reports Reuters, citing the newspaper Handelsblatt. The strategy could be made public April 29, said the report. Reference Link
14:44 EDTDBDeutsche Bank decision on business model due next week, Reuters says
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07:52 EDTMSPotential rule change on accounts to likely be manageable, says JMP Securities
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07:16 EDTMSTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
April 9, 2015
16:58 EDTDBDeutsche Bank close to deal in LIBOR case, NYT reports
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16:54 EDTDBDeutsche Bank close to deal in LIBOR case, NYT reports
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April 7, 2015
08:11 EDTMSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
April 6, 2015
16:31 EDTDBDeutsche Bank begins talks to sell Plenary Group stake, AFR says
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