|Bid||0.00 x 3100|
|Ask||0.00 x 2900|
|Day's range||42.56 - 43.77|
|52-week range||36.74 - 59.38|
|Beta (3Y monthly)||1.25|
|PE ratio (TTM)||10.51|
|Earnings date||16 Apr 2019 - 22 Apr 2019|
|Forward dividend & yield||1.20 (2.82%)|
|1y target est||52.50|
Ryan McQueeney and Maddy Johnson discuss earnings results from Netflix and the big U.S. banks. The hosts also remember the legacy of Jack Bogle and chat about several new cannabis industry deals.
(MS)’s wealth management unit Thursday reported a record year but a bumpy fourth quarter. For all of 2018, the unit logged record revenue of $17.24 billion, up 2% from $16.84 billion the year before, the company said in its earnings release. Wealth Management’s pretax profits of $4.52 billion were its highest ever, up 5% from 2017.
“The city is a key business hub for China entrepreneurs, as well as a family office nexus,” Vincent Chui, who heads the bank’s Asia wealth operations, said in an interview. The U.S. bank hired Wee Yee Yeong to head its Singapore wealth business this year, and plans to add relationship managers there and in Hong Kong, he said.
Chau Pham, a former vice president on a foreign-exchange sales team, filed a complaint with the Equal Employment Opportunity Commission, urging it to investigate Morgan Stanley’s treatment of women, according to her attorney, Jeanne Christensen at Wigdor LLP. Morgan Stanley “is committed to a workplace that is supportive of working mothers” and does not tolerate discrimination, a bank spokesman said.
Investment banking giant Morgan Stanley fell well short of Q4 earnings and revenue forecasts, after rival Goldman Sachs turned in blowout earnings .
More small and midcap techs are breaking out. At least 11 stocks in the Dow Jones industrials have an RS Rating of 80 or higher, vs. a 20 for Apple.
Clients spooked by extended bouts of volatility, especially during December, also left fixed-income operations reeling at Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which reported results earlier this week. Morgan Stanley blamed credit and rates products, but indicated the tone improved as 2019 got under way. Morgan Stanley dropped 3.5 percent to $42.93 at 1:53 p.m. in New York, the worst performance in the 68-company S&P 500 Financials Index.
Ryan McQueeney recaps earnings results from industry bellwethers Morgan Stanley, Taiwan Semi, Fastenal, and PPG. Later, he previews the upcoming earnings report of video streaming giant Netflix.
Morgan Stanley Fell More than 5%: What Went Wrong in Q4?Morgan Stanley Morgan Stanley (MS) released its fourth-quarter results early on January 17. The bank missed analysts’ consensus estimates for its earnings and revenues. The adjusted earnings
The Morgan Stanley chief said he’s looking to buy “small add-on firms” or hire teams to spur growth at his $463 billion investment management division. “There are a lot of spaces where we can add on,” Gorman said. “We’re not suggesting we’re about to do a mega-deal in asset management.
Morgan Stanley (MS) delivered earnings and revenue surprises of -18.89% and -9.48%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit of $643 million, or 26 cents a share a year earlier. Like all the other banks, Morgan Stanley's results last year were impacted by the passage of the Republicans' tax law.
Morgan Stanley stock is gaining 1.6 percent in pre-market trading and has rallied 12 percent so far this year, compared to the S&P 500 financials index, which up 6.6 percent, and a 4.4 percent gain for the broader S&P 500. Investors have cheered reports this week from Bank of America Corp., which has risen 15 percent year-to-date, Goldman Sachs Group Inc., up 18 percent, and Citigroup, up 19 percent. One warning came from KBW analyst Brian Kleinhanzl, who wrote in a note that BofA “posted a very solid quarter and estimates,” and boosted his price target.
Some 15 out of 20 analysts and portfolio managers recommend adding more bonds of local government funding vehicles to their portfolios in 2019, according to the survey done in recent weeks. After Chinese government bonds, LGFVs are the most sought after by respondents in the survey, followed by convertible notes. Sentiment on LGFVs, typically owned by local governments to carry out infrastructure projects, is turning more positive as China’s targeted easing measures and fiscal support have cut their funding costs.
Bulls versus Bears: Who Will Rule the Stock Markets in 2019?(Continued from Prior Part)Morgan Stanley-One of most bearish S&P 500 targetMorgan Stanley’s (MS) chief equity strategist, Michael Wilson, is the most bearish on Wall Street regarding
Morgan Stanley's quarterly profit and revenue missed Wall Street's targets, sending its shares lower. As Fred Katayama reports, its trading revenue fell unlike that of archrival, Goldman Sachs.