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Stock Market & Financial Investment News

News Breaks
February 7, 2014
14:36 EDTMS, FMCC, FNMAFHFA confirms $1.25B settlement with Morgan Stanley
The Federal Housing Finance Agency confirmed that it has reached a settlement with Morgan Stanley (MS) for $1.25B addressing claims alleging violations of federal and state securities laws and common law fraud in connection with private-label mortgage-backed securities purchased by Fannie Mae (FNMA) and Freddie Mac (FMCC) between 2005 and 2007. Under the terms of the agreement, Morgan Stanley will pay $625M each to Fannie Mae and Freddie Mac. Morgan Stanley disclosed this settlement on February 4.
News For MS;FNMA;FMCC From The Last 14 Days
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April 20, 2015
07:19 EDTMSMorgan Stanley increases quarterly dividend to 15c per share
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07:19 EDTMSMorgan Stanley reports book value $33.80 at March 31
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07:18 EDTMSMorgan Stanley CEO says Q1 was 'strongest quarter in many years'
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07:17 EDTMSMorgan Stanley reports Q1 compensation expense of $4.5B
Compensation expense of $4.5B increased from $4.3B a year ago, primarily driven by higher revenues. Non-compensation expenses of $2.5B increased from $2.3B a year ago, reflecting higher legal costs and volume driven expenses.
07:17 EDTMSMorgan Stanley reports Q1 EPS ex-DVA, ex-tax benefit 85c, consensus 78c
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07:17 EDTMSMorgan Stanley says results include net discrete tax benefit of 29c per share
Results for the current quarter included a net discrete tax benefit of $564M or 29c per diluted share primarily associated with the repatriation of non-U.S. earnings at a lower cost than originally estimated.
07:16 EDTMSMorgan Stanley reports Q1 ROE from continuing ops 10.1% ex-DVA and benefit
The annualized return on average common equity from continuing operations was 14.2% in the current quarter, or 10.1% excluding DVA and the net discrete tax benefit.
07:16 EDTMSMorgan Stanley reports Q1 continuing ops EPS $1.18, consensus 78c
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April 17, 2015
16:40 EDTFMCC, FNMAEssent Group says well positioned under PMIERs
Essent Group (ESNT) reported that the Federal Housing Finance Agency publicly released the final Private Mortgage Insurer Eligibility Requirements. The PMIERs represent the standards by which private mortgage insurers are eligible to provide mortgage insurance on loans owned or guaranteed by Fannie Mae (FNMA) and Freddie Mac (FMCC), and are designed to ensure that approved mortgage insurers maintain sufficient, high-quality assets to pay claims in a stressful environment. As of March 31, Essent had sufficient assets in its insurance companies to meet the total risk-based required asset amount of the final PMIERs as published. “We have been very supportive of the risk-based capital framework underlying the PMIERs and strongly believe that sound standards which are transparent and consistently enforced strengthen our industry,” said Mark Casale, Chairman and CEO. “Now that they are final, the PMIERs will serve as an important set of national standards that give industry counterparties more transparency into the claims paying capacity of private mortgage insurance companies, including Essent.” “Based in part on Essent’s strong capital levels and the exceptional credit quality of our portfolio,” Casale added, “we believe that Essent is well positioned under the PMIERs to continue to serve the growing demand for private mortgage insurance.”
16:16 EDTFMCCFreddie Mac says revised eligibility standards to promote counterparty strength
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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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April 16, 2015
08:56 EDTMSMorgan Stanley April weekly volatility elevated into Q1 and outlook
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April 15, 2015
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
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.
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