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Stock Market & Financial Investment News

News Breaks
July 2, 2014
18:00 EDTMSMorgan Stanley, Rosneft submit oil deal plan to security committee, WSJ says
OAO Rosneft, Russia's state-controlled oil firm, has submitted plans to buy Morgan Stanley's oil trading business to a U.S committee for security review, says the Wall Street Journal. The deal will be closely scrutinized since in April, the U.S. Treasury, which leads the committee, added OAO Rosneft's CEO Igor Sechin to a sanctions list, added the Wall Street Journal. Reference Link
News For MS From The Last 14 Days
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August 3, 2015
08:43 EDTMSBrookings Institute to hold a discussion
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August 2, 2015
19:43 EDTMSMorgan Stanley brokers claim being underpaid, FT says
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July 31, 2015
06:40 EDTMSU.S. banks prepared to take advantage of Euro lenders' cautions, WSJ says
U.S. banks are preparing to advance in the sector after reporting earnings, with executives touting the gloom coming from their European counterparts as a major opportunity to capitalize on their newfound advantage, the Wall Street Journal reports. On Thursday, Deutsche Bank (DB) CEO John Cryan said that the company must "shrink" its balance sheet, while Barclays (BCS) chairman John McFarlane said that Wall Street lenders are "an enormous threat" to Euro investment banks, the report says. On the other hand, Morgan Stanley (MS) chairman James Gorman said after reporting earnings last week that the company is poised to advanced in the debt trading sector, and that "there's a potential for, over a period of time, share gain for our business," the report says. In addition, Goldman Sachs finance chief Harvey Schwartz said that the company is "seeing potential big restructuring on the European side," the report adds. Publicly traded companies in the European space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Publicly traded companies in the U.S. 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
July 30, 2015
06:55 EDTMSBanks pitch total-return swaps as stock purchase alternative, WSJ reports
Banks have been pitching certain hedge fund clients on using derivatives instead of actual stocks when placing certain bets in an effort to lessen the impact of new capital rules on the banks' businesses, the Wall Street Journal reports, citing people familiar with the efforts. The shift involves derivatives known as total-return swaps that mirror the effects of owning a stock or other asset, the report says. Units of Bank of America (BAC), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS), and UBS (UBS) are among the banks asking clients to shift trades into total-return swaps instead of underlying securities, the report says. Reference Link
July 29, 2015
10:00 EDTMSOn The Fly: Analyst Downgrade Summary
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07:21 EDTMSMorgan Stanley downgraded to Neutral from Buy at Guggenheim
Guggenheim downgraded Morgan Stanley to Neutral due to shares approaching its fair value estimate of $43.
July 27, 2015
06:26 EDTMSSymphony Communication eyes $1B funding round, WSJ reports
Symphony Communication Services, an instant-messaging software company backed by Wall Street firms including Goldman Sachs (GS), is eyeing an investment round that may value it at as much as $1B, the Wall Street Journal reports, citing people familiar with the matter. The startup is canvassing a range of possible new investors, including venture-capital funds and additional financial firms, the report says. Symphony also wants funds from its existing backers, including Goldman, Morgan Stanley (MS), JPMorgan Chase (JPM), and BlackRock (BLK), the report says. Reference Link
July 21, 2015
08:49 EDTMSMorgan Stanley price target raised to $46 from $40 at BMO Capital
BMO Capital raised its price target on Morgan Stanley after the company reported higher than expected core Q2 EPS. The firm says that all of the company's segments delivered results that beat expectations. The firm raised its annual EPS estimates for the company by 2% and keeps an Outperform rating on the shares.
06:07 EDTMSONUG: Yahoo hires VP of global network from Symantec
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