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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.
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January 26, 2015
12:49 EDTMSFederal Reserve discloses plan to improve U.S. payment system, WSJ reports
The Federal Reserve released a plan that would improve the U.S. payment system, saying the current outlook, which covers banking, checking, credit cards and online transactions is fragmented and outdated with respect to new technologies that may harm consumers, the Wall Street Journal reports. The Federal Reserve invited banks, credit card companies and payment processors to coordinate efforts. 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
11:01 EDTMSMorgan Stanley says has appointed 151 new managing directors
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January 23, 2015
06:42 EDTMSU.S. banks preparing for prolonged low bond yields, Reuters says
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January 21, 2015
07:50 EDTMSMorgan Stanley's deferment of bonuses lowered to 50%, NY Post says
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January 20, 2015
16:23 EDTMSOn The Fly: Closing Wrap
Stocks began the session in positive territory, but the major averages were unable to hold their early gains. Lackluster earnings reports, the falling price of oil, and lowered global growth expectations appeared to be too much to overcome after a three day holiday weekend. The Dow led the way lower and had losses of more than 100 points before reversing and slowly paring its losses. Late in the day the averages made it back to positive ground, as investors await the next round of earnings due out after the close. ECONOMIC EVENTS: In the U.S., the NAHB homebuilder sentiment index fell to 57 in January, missing expectations for it to hold steady at 58. In China, Q4 GDP growth of 7.3% came in slightly better than expected, though that puts the nation's 2014 GDP growth at 7.4%, which was the lowest reported in 24 years. Of note, the International Monetary Fund cut its forecast for global growth in 2015 to 3.5% and in 2016 to 3.7%, which were both revised down by 0.3% relative to the organization's October 2014 outlook. COMPANY NEWS: Shares of Johnson & Johnson (JNJ) led all decliners on the Dow Jones Industrial Average with a drop of $2.75, or 2.64%, to $101.29 after its Q4 earnings were nearly in-line and its FY15 outlook failed to spur buying of the stock... Morgan Stanley (MS) declined 14c, or 0.4%, to $34.75 after the firm became the latest in the financial space to report headline earnings that missed expectations. MAJOR MOVERS: Among the notable gainers was Smith & Wesson (SWHC), which rose $1.65, or 16.47%, to $11.67 after the gunmaker increased its financial guidance and said it has seen recent, positive trends in the primary indicators it uses to assess its business and the consumer firearm market. Also higher was Orbitz Worldwide (OWW), which jumped 79c, or 8.62%, to $9.95 after Bloomberg reported that the online travel agency is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies." Among the noteworthy losers was FXCM (FXCM), which plunged $11.03, or 87.33%, to $1.60 after the stock reopened following the company struck a $300M rescue agreement with Leucadia (LUK) and gave further details on that deal over the weekend. Also lower were shares of Redbox owner Outerwall (OUTR), which fell $15.72, or 20.21%, to $62.05 after the company announced that its CEO had stepped down. INDEXES: The Dow rose 3.66, or 0.02%, to 17,515.23, the Nasdaq gained 20.46, or 0.44%, to 4,654.85, and the S&P 500 advanced 3.13, or 0.15%, to 2,022.55.
13:08 EDTMSOn The Fly: Midday Wrap
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10:58 EDTMSMorgan Stanley reports 6.1% passive stake in Madison Square Garden
09:14 EDTMSMorgan Stanley does not see lower oil hurting physical oil business sale process
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09:11 EDTMSOn The Fly: Pre-market Movers
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09:03 EDTMSMorgan Stanley says still committed to sale of oil and gas commodities business
08:50 EDTMSMorgan Stanley sees 'clear path' to ROE of 10%
Morgan Stanley sees driving ROE above 10% in Fixed Income and Commodities. On reduction and optimization of Risk-Weighted Assets in Fixed Income and Commodities, the firm said it is on track to achieve year end 2015 target of below $180B and sees additional capital opportunity through passive roll-down of $25B of RWAs by year-end 2018. Morgan Stanley sees a "meaningful reduction" in funding costs due to spread tightening and roll-off of older more expensive debt. For target Compensation/Net Revenue ratios, Morgan Stanley sees Institutional Securities 39% in 2015 in a flat revenue environment; sees Wealth Management 55% over time in a flat interest rate environment; and sees Investment Management 40% over time. Morgan Stanley intends to continue to increase its capital return to shareholders over time, subject to regulatory approval, the company noted. Comments and guidance from Q4 earnings conference call and slides.
07:08 EDTMSMorgan Stanley says Q4 affected by 'choppy market conditions'
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07:07 EDTMSMorgan Stanley reports Q4 book value of $34.62
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07:07 EDTMSMorgan Stanley Common Equity Tier 1 risk-based capital ratio 14.2%
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07:05 EDTMSMorgan Stanley reports Q4 continuing ops EPS 47c, consensus 48c
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07:02 EDTMSMorgan Stanley reports Q4 EPS ex-DVA 40c, consensus 48c
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January 16, 2015
13:51 EDTMSEarnings Preview: Morgan Stanley to report after lackluster results from peers
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12:10 EDTMSMorgan Stanley has an active bearish pattern ahead of earnings
There is an active bearish head and shoulders pattern on the daily chart that was confirmed on a move below $35.50. Ahead of earnings the question is whether news will halt and reverse the pattern, or accelerate its completion. If the news is as bearish as traders currently expect, the pattern may continue until it reaches completion at the $31 area. If the new is more bullish than the existence of the pattern itself suggests, then a move above $35.50 would neutralize the pattern. Upside objectives to watch would be at $36.13, and $38.09.
06:56 EDTMSMorgan Stanley volatility increases into Q4 and outlook
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05:57 EDTMSReinhart leaves Morgan Stanley as Chief U.S. economist, Bloomberg reports
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