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Stock Market & Financial Investment News

News Breaks
April 16, 2014
12:49 EDTMSEarnings Preview: Morgan Stanley to report after negative signs from peers
Morgan Stanley (MS), an investment bank, is scheduled to report first quarter earnings before the market opens on Thursday, April 17, with a conference call scheduled for 8:30 am ET. EXPECTATIONS: Analysts are looking for Q1 earnings per share of 60c on revenue of $8.52B, according to First Call. The consensus range for EPS is 52c-76c on revenue of $7.39B-$9.0B. LAST QUARTER: Morgan Stanley reported higher than expected fourth quarter EPS but lower than expected revenue. The company's wealth management unit had pre-tax income from continuing operations of $709M, up from $562M in the same period a year earlier. The pre-tax income of its Investment Management division increased to $337M in Q4, versus $221M in the year-ago period. PEERS: In a possible negative sign for Morgan Stanley, JPMorgan (JPM) last week reported that its Q1 fixed income revenue had tumbled 21% year-over-year, while its equity markets revenue dropped 3%. Similarly, Bank of America (BAC) earlier today reported that the net income of its Global Wealth and Investment Management unit had fallen to $729M last quarter, from $777M in the same period a year earlier. Meanwhile, the revenue of Citigroup's (C) Institutional Clients Group in Q1 fell 4% year-over-year. NEWS: On March 26, Morgan Stanley announced that it was doubling its dividend to 10c per share and repurchasing up to $1B of its stock from Q2 through the end of 1Q15. The Fed approved the company's capital allocation plan, Morgan Stanley noted. STREET RESEARCH: In a note to investors on April 4, Macquarie recommended Morgan Stanley ahead of earnings, contending that Morgan Stanley should benefit from a favorable business mix and easier year-over-year comparisons. Macquarie expects Morgan Stanley's Q1 results to exceed consensus expectations. PRICE ACTION: Morgan Stanley's stock has dropped 7% in the last three months, but is still up 36% over the last twelve months.
News For MS From The Last 14 Days
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May 20, 2015
08:21 EDTMSATM data theft soars to highest rate in two decades, WSJ says
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06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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May 18, 2015
09:46 EDTMSMPLX enters common unit sales agreement for up to $500M
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May 14, 2015
06:04 EDTMSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
09:32 EDTMSMorgan Stanley fined $2M by FINRA for short interest reporting, rule violations
FINRA announced that it has fined Morgan Stanley & Co. LLC $2M for short interest reporting and short sale rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. FINRA found that Morgan Stanley, over several years, failed to completely and accurately report its short interest positions in certain securities involving billions of shares. FINRA also found that the firm's supervisory system was deficient because it failed to detect and prevent these violations over an extended period of time. FINRA found that over a seven-year period, Morgan Stanley included positions from the accounts of non-broker-dealer affiliates in a number of aggregation units when determining each unit's net position. FINRA also found that the firm's supervisory system was not reasonably designed to detect and prevent such violations. In concluding this settlement, Morgan Stanley neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
May 12, 2015
14:13 EDTMSBove says it may be time to buy bank stocks
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07:48 EDTMSStandard & Poor's to hold a summit
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May 11, 2015
17:02 EDTMSMorgan Stanley to sell Global Oil Merchanting unit to Castleton Commodities
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12:51 EDTMSOn The Fly: Top stock stories at midday
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08:18 EDTMSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:07 EDTMSMorgan Stanley announces sale of Creative Circle to On Assignment
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