44.20 0.00 (0.00%)
After hours: 4:41PM EDT
|Bid||44.40 x 1400|
|Ask||44.35 x 1000|
|Day's range||43.52 - 44.79|
|52-week range||27.20 - 57.57|
|Beta (5Y monthly)||1.45|
|PE ratio (TTM)||9.18|
|Earnings date||16 Jul 2020 - 20 Jul 2020|
|Forward dividend & yield||1.40 (3.15%)|
|Ex-dividend date||29 Apr 2020|
|1y target est||47.02|
Morgan Stanley today announced it will make an investment of $10 million to support the New York Forward Loan Fund, part of Governor Andrew M. Cuomo’s initiative to reinvigorate New York’s small businesses and critical non-profits. The New York Forward Loan Fund will provide sustainable capital to Community Development Financial Institution’s (CDFI) to make low cost recovery loans in communities hard hit by the COVID-19 health and economic crisis.
A U.S. judge on Thursday said institutional investors, including BlackRock Inc <BLK.N> and Allianz SE's <ALVG.DE> Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.
A Morgan Stanley spokeswoman declined to comment on the CNBC report. CNBC's report said the Wall Street bank expects only a small number of traders and workers in other departments will make use of the back-to-office option. New York's Governor Andrew Cuomo said Friday the city was "on track" to reopen on June 8, when it will begin phase one of the governor's reopening plan.
Morgan Stanley <MS.N> has not been given an advisory role on the potential sale of a stake in Saudi Aramco's pipeline business, a deal worth over $10 billion (8.10 billion pounds), two sources told Reuters. The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
James Gorman, Chairman and Chief Executive Officer of Morgan Stanley, will speak at the Annual Morgan Stanley U.S. Financials Conference which will be held in a virtual format on Tuesday, June 9, 2020 at 12:00 p.m. (ET).
A majority of asset owners globally actively integrate ESG factors into their investment process, according to a new survey published today by the Morgan Stanley Institute for Sustainable Investing and Morgan Stanley Investment Management. The new survey polled 110 public and corporate pensions, endowments, foundations, sovereign wealth entities, insurance companies and other large asset owners worldwide, 92% of which had total assets over $1 billion. The survey gathered insights about trends, motivations, challenges and implementation approaches in sustainable investing. This work builds on the Institute’s extensive body of research tracking sustainable investing trends over the last six years through its Sustainable Signals survey series focused on individual investors, asset owners and asset managers.
Morgan Stanley announced today the Firm will launch the Morgan Stanley National Advisory 529 Plan, the industry’s first advisory 529 Plan, which strategically aligns with the Firm’s goals-based investing approach to help families save and invest for future education expenses. Morgan Stanley has contracted with the North Carolina State Education Assistance Authority (NCSEAA) to sponsor the Plan. The Morgan Stanley National Advisory 529 Plan will be offered exclusively through Morgan Stanley Wealth Management Financial Advisors to their clients in North Carolina and nationally, and is expected to be available in the Fall.
The iconic New York Stock Exchange floor is back open for business. Here is what New York Stock Exchange President Stacey Cunningham told Yahoo Finance.
Morgan Stanley (MS) to strengthen presence in Canada by establishing a new unit dedicated to service employees and executives in the country.
In the same week that Facebook announced a redoubled effort to make a bigger mark in e-commerce, one of its long-time partners has closed a large round of funding. Ecwid, the startup that sells e-commerce tools directly and via third parties like Square and Wix, letting businesses build e-commerce experiences on their own websites and apps, as well as via Facebook, Instagram, Amazon, Google, and more, has raised $42 million from Morgan Stanley and PeakSpan Capital. Notably, now San Diego-based Ecwid had only raised about $6.5 million since 2009, the year it was founded in Russia as a spinout of X-Cart, a previous company founded by the founder and CEO Ruslan Fazylev; and it's already profitable.
Most Canadian banks and insurers have strong wealth and asset management units that compete fiercely to add rich Canadians to their list of clients by offering a range of products and services to cater to their financial needs. Morgan Stanley will offer full-service financial advisers, virtual financial advisers, a discount self-directed investing solution and online investment management as part of its wealth management services. The bank said Morgan Stanley Wealth Management Canada will be a part of the stock plan administrative services that it currently offers through Shareworks, a company it acquired in 2019.
Canaccord Genuity Wealth Management Selected as Platform Provider for Morgan Stanley's Wealth Management Entry Into Canada
Morgan Stanley today announced its plan to launch Morgan Stanley Wealth Management Canada, a full-service wealth management offering to complement the existing Shareworks by Morgan Stanley stock plan administrative services it provides to executives and employees who reside in Canada (subject to regulatory approval). Morgan Stanley has selected Canaccord Genuity as its local platform provider to support the deployment of this new business.
Morgan Stanley Bank, N.A., a national bank subsidiary of Morgan Stanley (NYSE: MS), has been recognized with the highest rating from the Office of the Comptroller of the Currency (OCC) for its work meeting the credit needs of the communities it serves. The Firm received a rating of "Outstanding" for the Bank’s community reinvestment activities for the sixth consecutive time, and the fourth since being examined by the OCC.
Morgan Stanley (NYSE: MS) made a big splash in mid-February when it announced plans to buy E*Trade (NASDAQ: ETFC) for $13 billion. Morgan Stanley got no significant stock bump from the news of the acquisition or a strong fourth quarter as the COVID-19 pandemic hit the broader market hard shortly after the Feb. 20 announcement. In the long run, the E*Trade deal should be good for Morgan Stanley.
American Express CEO Stephen Squeri lays out his vision for how employees will return to work after COVID-19 quarantines lift.
Morgan Stanley (NYSE:MS) analyst Michael Phillips CFA maintained a Hold rating on Brown & Brown (NYSE:BRO) on Monday, setting a price target of $43, which is approximately 16.22% above the present share price of $37.
Morgan Stanley (NYSE:MS) analyst Armintas Sinkevicius maintained a Hold rating on Lear (NYSE:LEA) Corp on Monday, setting a price target of $82, which is approximately 14.10% below the present share price of $95.46.
Morgan Stanley (MS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (NYSE:CNP) Inc on Friday, setting a price target of $19, which is approximately 12.43% above the present share price of $16.9.
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Ppl Corp . on Friday, setting a price target of $26, which is approximately 5.91% above the present share price of $24.55.
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Atlantica Yield (NASDAQ:AY) plc on Friday, setting a price target of $28, which is approximately 18.59% above the present share price of $23.61.
The re-emergence of facemask-wearing bankers, investors, lawyers and their clients in Central, Hong Kong's main business district, is being closely watched by other major financial centres looking forward to resuming business. Office staffing levels at the banks vary from around 50% to just 15%.
Morgan Stanley (NYSE:MS) analyst David Lewis maintained a Hold rating on Envista Holdings (NYSE:NVST) Corp on Thursday, setting a price target of $18, which is approximately 12.71% above the present share price of $15.97.