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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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February 26, 2015
15:02 EDTMSFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
10:50 EDTMSNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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February 25, 2015
17:40 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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17:37 EDTMSMorgan Stanley agrees to $2.6B mortgage settlement with U.S.
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09:01 EDTMSMorgan Stanley says Apple Pay available for Wealth Management clients
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08:28 EDTMSMorgan Stanley reportedly near deal for Montreal cargo facility, Bloomberg says
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February 24, 2015
07:21 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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February 23, 2015
13:33 EDTMSRBS could name Howard Davies as chairman this week, FT reports
Royal Bank of Scotland (RBS) could name Howard Davies as its chairman as early as Thursday, when the bank reports its full-year results, the Financial Times reports. Davies is currently chairman of insurance business Phoenix Group and chairs Morgan Stanley's (MS) risk committee. Current RBS Chairman Philip Hampton is set to become GlaxoSmithKline's (GSK) chairman as early as this summer. Reference Link
February 19, 2015
06:47 EDTMSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:28 EDTMSAuthorities investigating possible hack in Morgan Stanley leak, WSJ says
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February 18, 2015
07:21 EDTMSJPMorgan, Citi top government report of riskiest banks, Reuters reports
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