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Stock Market & Financial Investment News

News Breaks
January 17, 2013
14:31 EDTMSEarnings Preview: Morgan Stanley to report results following stock rally
Morgan Stanley (MS) is scheduled to report Q4 earnings before the open on Friday, January 18, with a conference call scheduled for 10:00 am ET. Morgan Stanley is a financial services company that provides financial advisory and capital raising services to clients... EXPECTATIONS: Analysts are looking for EPS of 27c on revenue of $7.02B, according to First Call. The consensus range for EPS is 15c-40c on revenue of $5.94B-$7.60B... LAST QUARTER: Morgan Stanley reported stronger than expected third quarter results, excluding certain items related to the valuation of its debt. However, the company’s institutional securities revenue sank to $1.376B from $6.41B during the same period in 2011, and its institutional securities business swung to a pre-tax loss of $1.917B, versus a profit of $3.447B in the third quarter of 2011. On a positive note, the bank’s global wealth management unit generated revenue of $3.36B last quarter, up from $3.226B, but the unit’s pre-tax income fell to $239M from $356M. Morgan Stanley CEO James Gorman said on November 29 that he wanted to use some of the bank’s excess capital to increase returns for its shareholders, The Financial Times reported. More specifically, on December 11 The Wall Street Journal reported that Morgan Stanly was considering buying back shares for the first time in more than four years. The bank will have to receive permission from the Fed in order to buy back shares. In other news, Morgan Stanley is reportedly planning to cut 1,600 jobs in its investment banking unit, and it, together with Goldman Sachs (GS), agreed to pay a total of $557M to the Fed to settle accusations of mortgage loan servicing and foreclosure improprieties... STREET RESEARCH: Analysts have had mixed views on Morgan Stanley in recent weeks. SunTrust on January 3 downgraded the stock to Reduce from Neutral, as the firm believes that the bank may report weaker than expected results in 2013 and 2014, while it may return less cash to shareholders than many on the Street are expecting. Conversely, CLSA increased its price target on the stock to $27 from $23 on January 2. CLSA wrote that Morgan Stanley is the cheapest bank based on franchise value, and that ultimately the company will aggressively downsize its fixed income business, improving its return on equity. The firm maintained a Buy rating on the stock... PRICE ACTION: Over the past six months, Morgan Stanley’s stock has surged over 43%. The shares have continued their strong run recently, gaining about 7.5% since the beginning of the year.
News For MS From The Last 14 Days
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October 23, 2014
10:01 EDTMSCapital Link to hold a forum
Capital Link Dissect ETFs Forum is being held in New York on October 23.
06:32 EDTMSGovernment relaxing mortgage regulations, NY Times says
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October 21, 2014
14:41 EDTMSMorgan Stanley may sell natural gas export business, FT says
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08:18 EDTMSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 20, 2014
07:21 EDTMSFederal Reserve Bank of New York and Boston to hold a workshop
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October 17, 2014
16:55 EDTMSStocks end volatile week lower amid oil price plunge
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12:52 EDTMSOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday, as the averages bounce back following steep declines in several recent sessions. Better than expected earnings from General Electric (GE) and Morgan Stanley (MS), a rebound in European stock markets and a stronger than expected reading on U.S. consumer confidence may all be contributing to the brightened mood evidenced by today's trading. ECONOMIC EVENTS: In the U.S., housing starts rebounded 6.3% to a 1.017M pace in September, beating expectations for a monthly increase of 4.6%. Building permits increased 1.5% to a 1.018M rate, which was below the expected 2.3% rise. The first release on the University of Michigan's consumer sentiment index for October came in at 86.4, versus expectations for a decline to 84.0 from the prior 84.6 reading. COMPANY NEWS: General Electric shares rose over 3% after the company reported better than expected third quarter profit and nearly in-line revenues. Morgan Stanley, whose quarterly results also topped Street expectations, advanced 2.5%. MAJOR MOVERS: Among the notable gainers was Westmoreland Coal (WLB), which gained 23% after it stuck a deal to acquire Oxford GP, the general partner of Oxford Resource Partners (OXF), and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units. Afterward, Brean Capital raised its price target on Westmoreland to $60, noting the announcement represents an entry into the MLP space. Also higher were shares of Textron (TXT), which advanced 11% after the aircraft and defense company reported better than expected third quarter earnings per share and raised its profit outlook for fiscal 2014. Among the noteworthy losers was Urban Outfitters (URBN), which dropped 13% and was downgraded by at least three Street research firms after the owner of Anthropologie and its namesake clothing stores warned that its Q3 earnings may be negatively impacted by continued weakness in its comparable retail sales. Also lower was Myriad Genetics (MYGN), which fell 7% after guiding to lower than expected Q1 adjusted earnings, citing a higher than expected increase in costs to perform its myRisk Hereditary Cancer test following the test's national launch. INDEXES: Near midday, the Dow was up 295.34, or 1.83%, to 16,412.58, the Nasdaq was up 62.43, or 1.48%, to 4,279.82, and the S&P 500 was up 29.48, or 1.58%, to 1,892.24.
11:01 EDTMSMorgan Stanley says 'no basis' to take adjustment on FVA
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10:56 EDTMSMorgan Stanley trades down from open, levels to watch
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10:38 EDTMSMorgan Stanley says still hard to tell when markets will reset from 'choppiness'
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10:22 EDTMSMorgan Stanley says volatility may affect institutional results
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10:15 EDTMSMorgan Stanley says well positioned for further capital actions
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09:17 EDTMSOn The Fly: Pre-market Movers
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07:19 EDTMSMorgan Stanley reports Q3 Institutional Securities net revenues ex-DVA $4.3B
Wealth Management net revenues were $3.8B. Investment Management reported net revenues of $655M. Fixed Income & Commodities sales and trading net revenues were $997M. James P. Gorman, Chairman and CEO, said, “Morgan Stanley has delivered another quarter of earnings growth and strong performance based on consistent execution for our clients. We are well positioned to create superior returns for our shareholders, particularly as the U.S. economy continues to strengthen.”
07:18 EDTMSMorgan Stanley reports Q3 EPS 65c ex-DVA, tax benefit, consensus 54c
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07:17 EDTMSMorgan Stanley reports Common Equity Tier 1 capital ratio 14.3% at Sept. 30
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07:16 EDTMSMorgan Stanley says Q3 included net discrete tax benefit of 12c per share
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07:16 EDTMS Morgan Stanley reports Q3 EPS 77c ex-DVA, consensus 54c
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October 16, 2014
15:26 EDTMSNotable companies reporting before tomorrow's open
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14:33 EDTMSEarnings Preview: Morgan Stanley to report after Goldman beat expectations
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