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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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October 17, 2014
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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October 15, 2014
12:23 EDTMSMorgan Stanley October volatility elevated into Q3 and outlook
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October 13, 2014
06:44 EDTMSRegulators seeking banks' auto loan data, Reuters reports
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06:37 EDTMSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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06:25 EDTMSMorgan Stanley may not close Rosneft deal, WSJ reports
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October 12, 2014
13:03 EDTMSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. 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
October 8, 2014
07:20 EDTMSCapital Link to hold a forum
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07:13 EDTMSBank dealers agree to revised derivatives rules, FT reports
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06:56 EDTMSBarclays lists several Large-Cap banks with the most Q3 upside
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October 7, 2014
09:17 EDTMSSecurities Industry & Financial Markets Association to hold a conference
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07:28 EDTMSWells Fargo ups price target ranges for capital markets banks
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06:51 EDTMSJustice Department set to attack more large banks by year end, NY Times says
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