New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 7, 2014
14:36 EDTMS, FNMA, FMCCFHFA 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
Check below for free stories on MS;FNMA;FMCC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 17, 2014
10:20 EDTMSMorgan Stanley says continuing to work toward close fo Rosneft deal
Subscribe for More Information
10:06 EDTMSMorgan Stanley rises after earnings, heading for resistance
Subscribe for More Information
09:15 EDTMSOn The Fly: Pre-market Movers
HIGHER: Dresser-Rand (DRC), up 15.5% after Manager Magazin says Siemens (SIEGY) preparing bid for the company. Other oil equipment companies with a market cap similar to Dresser-Rand's include Dril-Quip (DRQ) and Oil States (OIS)... Microsoft (MSFT), up 3.4% after announcing restructuring, including plans to cut up to 18K jobs. UP AFTER EARNINGS: Morgan Stanley (MS) up 1.5%... Sherwin-Williams (SHW), up 3%. DOWN AFTER EARNINGS: Mattel (MAT), down 7.3%... Sandisk (SNDK), down 7%... Yum! Brands (YUM), down 2.5%. LOWER: Orbitz (OWW), down 3% after results, 34M share spot secondary offering of stock priced at $8.25... Benefitfocus (BNFT), down 1% after 2.5M share Secondary priced at $38.50.
07:21 EDTMSMorgan Stanley says #2 in announced M&A, #3 in IPOs
Subscribe for More Information
07:19 EDTMSMorgan Stanley says results included net discrete tax benefit of 31c per share
07:19 EDTMSMorgan Stanley reports Q2 EPS 60c ex-DVA, tax benefit, consensus 55c
Subscribe for More Information
07:18 EDTMSMorgan Stanley reports Q2 Institutional Securities revenue $4.2B
Institutional Securities net revenues for the current quarter were $4.2B compared with $4.4B a year ago. DVA resulted in positive revenue of $87M in the current quarter compared with $175M a year ago. Excluding DVA, net revenues for the current quarter of $4.2B were relatively unchanged from a year ago. Wealth Management net revenues for the current quarter were $3.7B compared with $3.5B a year ago. Investment Management net revenues of $692M increased from $673M in the prior year. Results reflect higher gains on investments in Merchant Banking and higher results in Traditional Asset Management, partly offset by lower revenues in the Real Estate Investing business driven by the deconsolidation of certain legal entities associated with a real estate fund sponsored by the Firm.
07:18 EDTMSMorgan Stanley reports Tier 1 risk-based capital ratio approx. 15.2% at June 30
Subscribe for More Information
07:17 EDTMSMorgan Stanley reports Q2 EPS 94c, consensus 55c
Subscribe for More Information
07:13 EDTFMCC, FNMAWatchdog says Fannie, Freddie making riskier agreements, Reuters says
The Federal Housing Finance Agency Office of Inspector General said in a report that Fannie Mae (FNMA) and Freddie Mac (FMCC) are engaging in riskier agreements as they increasingly buy mortgages from smaller lenders, according to Reuters, citing comments from the watchdog. Reference Link
06:38 EDTMSStudy says UBS largest private bank with assets near $2T, Reuters says
Subscribe for More Information
July 16, 2014
15:02 EDTMSMorgan Stanley July 32.5 straddle priced for 3.3% move into Q2
Subscribe for More Information
14:57 EDTMSEarnings Preview: Morgan Stanley to report amid optimism on Wealth Management
Morgan Stanley (MS) is scheduled to report second quarter earnings before the open on Thursday, July 17 with a conference call scheduled for 10:00 am ET. Morgan Stanley is a bank holding company. EXPECTATIONS: Analysts are looking for EPS of 55c on revenue of $8.2B, according to First Call. The consensus range for EPS is 52c-64c on revenue of $7.58B-$8.65B. Morgan Stanley (MS) reported stronger than expected first quarter results, as the company's revenue rose to $8.9B from $8.2B. The company's wealth management unit generated pre-tax income of $691M, versus $597M in the same period a year earlier. Morgan Stanley's investment management unit saw its pre-tax income from continuing operations rise to $263M from $187M, while the pre-tax income of its institutional Securities division rose $1.4B, up from $799M. Morgan Stanley's wealth management business will continue growing and the business' return on equity will eventually be well over 10%, said the company's CEO, Tom Gorman last month, according to The New York Times. But declines in the bank's fixed income revenues may make it harder for its securities businesses to exceed a 10% return on equity, and the firm has significantly reduced its trading operations, the newspaper quoted the CEO as saying. PEERS: On July 15, Goldman Sachs reported stronger than expected results, as the bank's investment banking unit saw its net revenue rise 15% year-over-year, while the net revenues generated by its Institutional Client Services unit dropped 11%. But Goldman's investing and lending unit saw its net revenues surge 46% year-over-year. Citigroup (C), on July 14, reported higher than expected Q2 EPS excluding certain items but lower than expected revenue. Revenue from Citi's Institutional Client Group dropped 11%, as revenue from fixed income and equity markets fell. STREET RESEARCH: On July 10, research firm Bernstein recommended Morgan Stanley's stock due to its exposure to high margin investment banking. Bernstein also liked Morgan Stanley because of its exposure to wealth management. PRICE ACTION: Morgan Stanley is up almost 9% over the last three months and it has surged over 23% in the last twelve months.
July 11, 2014
09:09 EDTFNMA, FMCCOn The Fly: Pre-market Movers
Subscribe for More Information
07:34 EDTMSMorgan Stanley July volatility elevated into Q2 and outlook
Subscribe for More Information
07:20 EDTMSBig banks seen losing reserve release cushion, Reuters says
Releasing loan-loss reserves has helped U.S. big banks weather a period of weak loan demand and lower fee income, but Q2 results from the banks may see less benefit from the practice as loss rates and reserves near their lower limits, said Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
July 10, 2014
18:44 EDTFMCC, FNMAGenworth responds to GSE-sponsored PMI eligibility requirements
Subscribe for More Information
17:23 EDTFNMA, FMCCEssent Group comments on proposed PMI eligibility requirements
Essent Group (ESNT) reported that the Federal Housing Finance Agency released for public input the proposed 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). Assuming the PMIERs are enacted as proposed, Essent's mortgage insurance subsidiary, Essent Guaranty would be in compliance with the new capital adequacy requirements in the PMIERs based on financial information as of March 31. “We commend FHFA, Fannie Mae and Freddie Mac for all of their work in revising the PMIERs,” said Mark Casale, Chairman and CEO. “Updating the PMIERs is important to the health of the housing finance system in general, and the mortgage insurance industry in particular. We believe that the proposed risk-based capital adequacy framework in the PMIERs is fundamentally sound. The PMIERs will serve as an important set of national standards that give industry counterparties added confidence in 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.”
17:08 EDTFNMA, FMCCMortgage insurers trading lower after FHFA proposes tighter capital rules
Subscribe for More Information
09:20 EDTMSMorgan Stanley, Lazard recommended at Bernstein
Bernstein recommends Morgan Stanley (MS) and Lazard (LAZ) for their exposure to high margin investment banking. The firm also likes Morgan Stanley because of its exposure to wealth management.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use