Get Stock Quote Here Morgan Stanley (NYSE: MS) is an American multinational financial services corporation headquartered in the Morgan Stanley Building,Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries and has more than 1300 offices and 60,000 employees. According to the Scorpio Partnership Global Private Banking Benchmark the company had 1,454 USD Bn of assets under management (AuM) in 2014, an increase of 17.5% on the 2013 figure. The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities, and Investment Management.
Morgan Stanley Quarterly Profit Beats Estimates on Cost Cuts Morgan Stanley joined the parade of Wall Street banks that beat profit estimates by cutting costs to counter a drop in revenue from fixed-income and equities trading. First-quarter net income fell 53 percent to $1.13 billion, or 55 cents a share, from $2.39 billion, or $1.18, a year earlier, the New York-based company said Monday in a statement. Profit surpassed the 47-cent average estimate of 22 analysts surveyed by Bloomberg. The decline in trading revenue was smaller than some analysts predicted. Read full article here: http://www.bloomberg.com/news/artic...y-profit-falls-53-on-stock-bond-trading-slump
We need a break above 25-26 level. Depending on markets we may have a test to that up trendline. Or a good breakout !
Not another banking smear Morgan Stanley sued for using 'sales contests' to churn out loans Massachusetts has sued Morgan Stanley, accusing the bank of dishonest conduct to meet sales goals. The lawsuit, filed by the state secretary on Monday, says the bank pressured employees to open customer accounts. Morgan Stanley ran "sales contests" targeting loans to wealthy clients. The lawsuit explains that in doing so, the bank ran afoul of its own internal rules. Indeed, Morgan Stanley eliminated the practice after more than a year of conducting sales contests in 2014 and 2015 across Massachusetts and Rhode Island. The case is another instance of a major financial institution squeezing its bankers to meet business targets. Wells Fargo has been in the spotlight for the past several weeks after regulators revealed that bank employees opened fake accounts to meet aggressive sales goals. Morgan Stanley (MS) defended its actions. The bank said the loans at issue were willingly opened by customers. http://money.cnn.com/2016/10/03/investing/morgan-stanley-scandal/index.html
Reported before open today (10/19/16) Earnings: EPS $0.81 Revenue $8.91B Estimates: EPS $0.63 Revenue $8.17B Up 1.89% today
Morgan Stanley (MS) Shares Have Further Upside, Consider Buying on the Dips http://www.economiccalendar.com/201...e-further-upside-consider-buying-on-the-dips/
Shares of Morgan Stanley ($MS) are moving to the upside in pre-market trading after the financial services giant reported better than expected first quarter results.
Morgan Stanley exceeded the expectations with a quarterly income of $27 Billion and net income of $1.9 Billion. Its wealth management net revenues were $4.4 Billion vs. $4.1 Billion last year. The remarkable performance of the company has resulted because of notable client engagement across its global franchise and its sales and trading in an active environment.
Financial stocks leading the decline today, if there is going to be bear market bounce, it will need to start here
