|Bid||49.19 x 800|
|Ask||49.22 x 800|
|Day's range||48.49 - 49.25|
|52-week range||43.84 - 59.38|
|PE ratio (TTM)||13.95|
|Earnings date||18 Jul 2018|
|Forward dividend & yield||1.00 (2.12%)|
|1y target est||59.68|
Goldman, led by Chief Executive Officer Lloyd Blankfein, is at a crossroads.
Morgan Stanley's lead domestic strategist repeated his call for second-quarter earnings reports to lead to lukewarm responses from companies' shares.
Fresh off the launch of its “next best action” tool, Morgan Stanley is looking ahead to another artificial-intelligence-based solution—this one to help advisors talk clients through tough personal challenges. ...
July 16 (Reuters) - Daimler AG says: * MORGAN STANLEY HOLDS 5.52 PERCENT IN VOTING RIGHTS AND VOTING RIGHTS THROUGH INSTRUMENTS AS OF JUL 6, VERSUS 0.4 PERCENT PREVIOUS NOTIFICATION Source text for Eikon: ...
Morgan Stanley (MS) is expected to post an EPS of $1.11 in the second quarter—an implied growth of 27.6% on a YoY (year-over-year) basis due to higher trading, asset management, and lower taxes. On a sequential basis, Morgan Stanley is expected to see a 23.0% decline in its earnings mainly due to a decline in volatility from highs in the first quarter. The earnings decline is partially offset by a rebound in holdings’ valuations and the expectation of higher performance fees.
Normalized level of trading activity and improvement in advisory fees are expected to drive Morgan Stanley's (MS) Q2 earnings.
Two new promotions at Morgan Stanley provide “clues in the race to eventually succeed Chief Executive James Gorman,” The Wall Street Journal writes. Ted Pick, Morgan Stanley’s trading chief, will add investment banking to his portfolio, putting him atop the entire institutional securities group and in charge of half the firm’s revenue. Franck Petitgas, a longtime banker, will run Morgan Stanley’s international business, the Journal reports.
The current structure of the US Treasury market could pose a risk to financial stability, an industry advisory group to the Federal Reserve Bank of New York has concluded. The rise of lightning-fast proprietary trading firms has made the system more fragmented and potentially vulnerable to shocks, according to a report from the Treasury Market Practices Group, which said practices governing collateral and clearing have failed to keep up with the changing market. The failure of a principal trading firm (PTF) could leave a trading platform, or an intermediary that routes transactions through the system, on the hook to cover big losses, putting the system as a whole at risk.
A Morgan Stanley executive overseeing brokers who catered to celebrities left the firm this week after several employees claimed harassment at branches he managed in Los Angeles. A spokesman for the firm confirmed the departure of Robert Perry, who had been at Morgan Stanley’s brokerage and a predecessor firm since 1993. Mr. Perry ran four brokerage branches in Los Angeles that are among Morgan Stanley’s most lucrative, overseeing more than 125 brokers whose clients have included Elon Musk and pop star Katy Perry, according to people familiar with the matter.
Morgan Stanley said on Wednesday that Robert Perry, manager for the firm's Beverly Hills, California, wealth management office, has left the firm. Morgan Stanley spokeswoman Christine Jockle confirmed Perry left the firm but declined to comment further. Perry's departure, reported on Tuesday by the wealth management news website AdvisorHub, comes after a sexual harassment lawsuit was filed earlier this year against one of the top brokers at Perry's Beverly Hills branch.
One of the most dramatic regime changes ever seen on Wall Street took place at the bank in 2005 when John Mack seized the helm. It followed a bruising battle over the leadership of Phil Purcell, who had forced Mr Mack out four years earlier. James Gorman, Mr Mack’s successor, is keen to ensure the transition to the next generation goes more smoothly.
Morgan Stanley offered more clues into its slow-burning succession race, elevating a top trading executive seen as a favorite to eventually replace Chief Executive James Gorman. Ted Pick, Morgan Stanley’s trading chief, will add oversight of investment banking, a move that puts him in charge of half of the firm’s revenue and cements his frontrunner status. Morgan Stanley is also promoting Franck Petitgas, a longtime investment banker, to run all of the firm’s international business.
Morgan Stanley is giving expanded roles to two executives, offering clues in the race to eventually succeed Chief Executive James Gorman. Ted Pick, Morgan Stanley’s trading chief and widely considered the front-runner to succeed Mr. Gorman, will add oversight of investment banking, putting him in charge of half of the firm’s revenue. Franck Petitgas, a longtime banker, will run Morgan Stanley’s international business.
in recent stress tests, and analysts expect the Bank of Korea to stand pat at its policy meeting this week. (D., Ohio) and Elizabeth Warren (D., Mass.) are demanding details about the Federal Reserve’s treatment of Goldman Sachs and Morgan Stanley in recent stress tests.
Morgan Stanley gave trading chief Ted Pick added responsibilities over investment banking activities, including merger advice, in a sign he is a leading contender to eventually succeed Chief Executive Officer James Gorman.
with his promotion to run the bank’s trading and investment banking business on Tuesday, taking charge of 9,000 people. Were that to happen, said people familiar with the bank’s inner working, president Colm Kelleher is seen as the most likely immediate successor.
Morgan Stanley downgraded technology stocks to underweight from equal weight on Monday, citing expectations of a more defensive turn in the market.
At many companies, client relationships are the most difficult to police – and the most important to protect. A former vice president at market-data firm Research Now SSI alleged in a lawsuit filed in April that a senior executive from the airline Virgin America, Stuart Dinnis, began kissing and groping her without warning in a hotel elevator late at night during a 2016 travel-industry conference. Earlier that day, she and her boss had discussed Mr. Dinnis, then Virgin America’s director of loyalty, as an important client to cultivate during the conference.
Sonos markets its high-end speakers to audiophiles and music nuts as the speaker industry increasingly moves toward smart assistants like Amazon's and Google's offerings.
In the libel suit he brought in 1878 against John Ruskin, the Victorian painter James McNeill Whistler was asked under cross-examination how he justified charging 200 guineas for a painting of a London firework display that took him two days to finish. “I ask it for the knowledge of a lifetime,” Whistler declared. Investment bankers explain their bonuses in the same manner, although the rewards for mergers and acquisitions advisers are rather greater than for most painters.
Jul.12 -- Simona Mocuta, senior economist at State Street Global Advisors, and Dan Skelly, head of equity model portfolios at Morgan Stanley Wealth Management, examine U.S. June consumer prices. They speak on "Bloomberg Daybreak: Americas."
Jul.10 -- Morgan Stanley’s Ted Pick was promoted to head the division that houses all of its investment bankers and traders, bolstering his position as a possible successor to Chief Executive Officer James Gorman. Bloomberg's Sonali Basak reports on "Bloomberg Markets."
Jul.09 -- Bloomberg's Sonali Basak reports on what the results of the Federal Reserve's stress tests on big banks signal about the prospects for big deals. She speaks on "Bloomberg Markets."