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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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August 26, 2014
08:30 EDTMSConcerns about payment disintermediation overdone, says Pacific Crest
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August 21, 2014
12:50 EDTMSDeutsche Bank divests natgas trading book to Morgan Stanley, Reuters says
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08:31 EDTMSMorgan Stanley, JP Morgan selected by Shake Shack to lead IPO, Reuters says
JP Morgan (JPM) and Morgan Stanley (MS) have been picked by Shake Shack to lead the fast-food restaurant chain's IPO, sources tell Reuters. The offering could come as early as this year. Reference Link
06:43 EDTMSRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
18:29 EDTMSBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
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August 18, 2014
06:47 EDTMSU.S. banks consider Ireland fitting spot for EU divisions, FT says
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August 15, 2014
06:48 EDTMSMorgan Stanley settles overtime pay suit with $4.2M, Reuters says
Morgan Stanley and sales assistants in the firm's wealth management division system who alleged that they were owed overtime compensation finally agreed to settle the matter with $4.2M, according to Reuters, citing comments from a company spokeswoman in an e-mail. The spokeswoman said, “Morgan Stanley maintains robust policies to ensure that non-exempt employees are paid for all time worked. However, with this settlement we will put an end to protracted and expensive litigation that is a distraction from our business.” Reference Link
August 13, 2014
06:19 EDTMSBanks pressing Federal Reserve to delay rule on investments, WSJ says
Banks are pushing U.S. policy makers for a delay of a rule that requires them to sell investments in private-equity and venture-capital funds, reports the Wall Street Journal. According to people familiar with the effort, bank officials, trade groups and lawmakers are lobbying the Federal Reserve to delay the rule for up to seven years that limits banks' investments. Reference Link

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