Morgan Stanley (MS): Turnaround play?
2009-03-24 14:30:00 Regarding Morgan Stanely (NYSE: MS), Mike Cintolo in The Cabot Top Ten Report, asks, "A Wall Street firm in our top 10?" He adds, "Believe it! " Here's his overview of the stock."Actually, we’re not ready to give the 'all clear' for financial stocks, but as the sector went from bad to worse in recent months, the wheat did begin to separate from the chaff."And, for now, Morgan Stanley is the strongest of the group. The major reason: Profits are likely coming back in a big way, beginning in the fi rm’s current fiscal quarter. (Analysts are expecting $2.50 a share this year and $3.50 next)."Now, we know you’ve probably heard that yarn before, but Morgan’s balance sheet appears far, far cleaner than most infected banks, and with its integration of Smith Barney’s operations (it owns a majority stake), the company’s business looks ...
Phil Mickelson wins bailout money, Ogilvy swaps golf ball mid-hole and matc
2009-03-02 18:32:00 Click here to listen.Until the recent flood of bank bailouts occurred, I'm not sure that the masses knew, or really cared, what financial institutions did with customer funds, so long as the economy was secure. So, in a sense, good came from this massive overhaul as disclosure helped open the eyes of the world to the vast waste and appetence that banks have kept hidden under their veils of secrecy.TMZ recently educated viewers on one such bank, Northern Trust, which spent millions of dollars on the sponsorship and advertising related to it's same-named tournament. Extravagant parties were thrown for hundreds of clients and employees of the company and although local hotels, businesses, entertainers and even tournament winner Phil Mickelson received benefit from the outpouring of capital, it hardly helped put the economy back on track.According to TMZ, a Northern Trust representative stated that operating funds were utilized, not bailout dollars. Of course, that logic seems skewed ...
Japan?s Mitsubishi UFJ Takes 21% Stake in Morgan Stanley as Spain?s Santand
2008-10-14 16:27:00 Morgan Stanley (MS) announced yesterday (Monday) that it closed its long-awaited deal with Mitsubishi UFJ Financial Group (ADR: MTU), giving Japan’s largest financial group a 21% stake in the beleaguered U.S. investment bank. Meanwhile, Sovereign Bancorp Inc. (SOV) confirmed last night…
By: Jutia Group
Morgan Stanley (NYSE: MS) Puts 20% of its Business on the Table
2008-09-23 20:56:00 Morgan Stanley said on Monday that it's ready to sell 20% of its business to Mitsubishi UFJ Financial Group, Inc., so it could breathe easier in the upcoming months of the credit crunch. According to the announcement, Morgan Stanley and Japan’s largest banking group and the world’s second largest bank holding company is in the final stages of talks. Both sides still haven’ read more in hotstocked.com
Morgan Stanley?s Chief U.S. Economist Says Recession Is Here
2008-06-04 05:43:00 Richard Berner, Morgan Stanley?s chief U.S. economist, said yesterday at a public finance and pension fund conference in Illinois that the United States is in a mild recession. Berner added that the U.S. housing crisis still has ?a long way to go? because of excess supply and caution by both lenders and potential homebuyers. ...
By: Boom2Bust.com
Viet Nam Faces `Currency Crisis,' Morgan Stanley Says
2008-05-28 13:10:00 Viet Nam is heading for a ``currency crisis,'' similar to that of Thailand's baht in 1997, because the central bank has kept the dong too strong as inflation soars and the trade deficit widens, said Morgan Stanley. Twelve-month non-deliverable forwards show traders are betting the currency will drop 39 percent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Positive Seasonal Pattern Stocks on Saturday the 24th of May 2008
2008-05-24 16:20:00 Seasonal Patterns found for the following stocks: Enstar Group Inc (ESGR) over the next 10 trading days. Look at the seasonal patterns for Enstar Group Inc in context. BWW (BWW) over the next 5 trading days. Look at the seasonal patterns for BWW in context. Ml Accel Rtrn Nt Russell 2000 (RNI) over the next 5 ...
Merrill Lynch, Morgan Stanley Issue Recession Warnings
2008-05-16 00:13:00 At a conference yesterday in Singapore, New York City-based financial services giant Merrill Lynch warned the U.S. economy is in a recession that will become more apparent as the year drags on. According to Channel NewsAsia yesterday: Merrill Lynch said the world?s largest economy is already in a recession, and it expects to see a ...
By: Boom2Bust.com
Sell Bongaigaon, BUY IOC-Morgan Stanley
2008-05-14 05:40:00 Indian Oil Corp IOC-BRPL Merger: An Arbitrage Opportunity Quick Comment: IOCL’s proposed merger with BRPL (Bongaigaon Refinery & Petrochemicals Ltd.) provides an arbitrage window for investors, as IOCL’s shares are trading at a discount to BRPL shares after considering the merger ...
Securities depository centres licensed to define account balance of foreign
2008-05-03 13:54:00 State Securities Commission (SSC) on April 29 sent the Official Letter No 759/UBCK-PTTT to depository members on the usage of foreign currency trading contracts to define account balance of foreign investors in securities transactions. According to the letter, investors when selling or offering shares (when setting... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Social applications dominate the net according to Morgan Stanley
2008-04-28 18:00:00 Morgan Stanley?s Internet Trends report was released last month and it takes a big turn from previous reports - the focus is nearly 100% on social apps and how they are taking over the Internet. * YouTube and Facebook have more page views than Google or Yahoo (and may be bigger than both combined) * six out ...
Google gets a New CIO from Morgan Stanley!
2008-04-25 14:36:00 Google has found a new Chief Information Officer (CIO) in the form of Benjamin Fried. (...)
Morgan Stanley to Set Up Private Equity Unit in India
2008-04-23 22:59:00 Morgan Stanley, the second-biggest U.S. securities firm, will set up a private equity unit in India from May 1, the company said in an e-mailed statement today. The New York-based company also said it has hired Aluri Srinivasa Rao from ICICI Venture,9 Vote(s)
By: Market Buzz
Down? ICICI ULIPs down 18 % in Q1 CY 2008 (Morgan Stanley)
2008-04-21 04:43:00 ICICI Bank Life Insurance - First Signs of Slowdown? Getting insured or losing your retirement nest? ICICI Prudential has announced that its new business premiums (on APE basis) grew by 40% YoY in the quarter ended March 2008 (F4Q08). Given that the growth rate ...
Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley
2008-04-11 05:51:00 Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley# Author:Patricia Beard# Publisher: William Morrow # Number Of Pages: 432 # Publication Date: 2007-09-01 # ISBN-10 / ASIN: 0060881917 # ISBN-13 / EAN: 9780060881917 The inside story of the power struggle that rocked Wall Street's most prestigious financial institution What began with a shot over the bow ended in a shocking coup d'etat. In less than four months a group of eight retired executives orchestrated a stunning revolt within Morgan Stanley, the venerable and?until recently?most successful financial services firm on Wall Street. Now acclaimed journalist and historian Patricia Beard brings together the entire behind-the-scenes story in Blue Blood and Mutiny, a real-life business thriller exposing the tale that shook high finance.
Merrill, Citi, Morgan Stanley, Lehman, BSMA & Macquarie slaughter mid-c
2008-03-27 23:50:00 *Orchid Chemicals : Excellent opportunity to enter at cheap levels *Fundamental View : the stock trades very cheap (at a forward p/e of 4) as compared to its peers in the sector. Techincal View : RSI predicts the stock to be oversold and the stock has spurted up from the support of 110 and is moving sharply ...
Morgan Stanley Report
2008-03-25 07:45:00 file attached………&#-8230;. Regards, Mukesh On 3/25/08, Pranav wrote: > > No Attachment dear? > > > Pranav > > > On 3/20/08, mukesh khatri wrote: > > > > > > > > > > > > > a good report… > > > > > > > > > > X-Apparently-To: ...
> S&P Considers A Downgrade for Morgan Stanley
2008-03-22 04:40:00 Note: It is probable that stock brokers Motilal, Edelweiss, Religare, India Bulls, India Infoline and what not could lose atleast half of their market cap from the present levels by December 2008. Standard & Poor’s Ratings Services said Friday it has struck a more cautious stance on brokers and ...
Morgan Stanley buys 10% stake of PetroVietnam?s PVFC
2008-03-18 11:09:00 Morgan Stanley has become the first foreign shareholder to hold a 10% stake in PetroVietnam?s Joint Stock Finance Corporation (PVFC). PetroVietnam PVFC announced the purchase at its inauguration ceremony in Ha Noi on Mach 18. In 2008, PVFC will issue petroleum finance and PetroVietnam bonds in domestic and foreign... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Morgan Stanley (MNC) Recruits Freshers
2008-03-18 05:47:00 Position: Pearl Position Description: The position would be responsible for financial accounting and maintaining books and records for the products reconciled from Mumbai. This position would require the individual to work closely with functional teams in our international offices and will also involve liaison and interaction with global service providers who support our product profiles Key
> Morgan Stanley Downgrades A String Of Banks-HBL
2008-03-14 00:40:00 Brokers and analysts have downgraded several blue chip stocks as they feel that their valuation may be affected by current global and local developments in the short-term. Though they are not openly admitting, officials with broking firms say that they have advised their clients accordingly. ...
Credit Suisse, Morgan Stanley Downgrade Banks
2008-03-07 01:22:00 Banks stocks continue to be under selling pressure as investors are trying to reduce their exposure following the news of sub-prime impact and farm loan waiver that created a lot of uncertainty in the counter. Global investment bankers su6 Vote(s)
By: Market Buzz
> Credit Suisse, Morgan Stanley Downgrade Banks
2008-03-06 05:41:00 Banks stocks continue to be under selling pressure as investors are trying to reduce their exposure following the news of sub-prime impact and farm loan waiver that created a lot of uncertainty in the counter. Global investment bankers such as Credit Suisse and Morgan Stanley have downgraded Indian ...
Government allows Morgan Stanley to buy shares in dollars
2008-02-22 11:35:00 The Vietnamese government said it has allowed Morgan Stanley to use dollars to pay for a stake in unlisted Petrovietnam Finance Corp in a move to help foreign investors hampered by a shortage of the Vietnamese dong. The government, approving a proposal by state oil group Petrovietnam, has also assigned the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Morgan Stanley CEO Pay Package Is $1.5M
2008-02-16 19:26:00 Morgan Stanley CEO John Mack Receives Compensation Valued at $1.5 Million for Fiscal 2007 NEW YORK (AP) -- Morgan Stanley on Friday said Chief Executive John Mack received compensation valued at about $1.5 million in fiscal 2007, a year when the investment bank's profit plunged 57 percent. Mack did not receive a bonus in 2007 because of the company's losses due to the subprime crisis. Morgan Stanley lost $3.59 billion during the fourth-quarter because of risky bets on mortgage-backed securities. None of the executive committee members at Bear Stearns Cos., the fifth-biggest securities firm, are taking bonuses after a $1.9 billion write-down during the fourth quarter. Meanwhile, Merrill Lynch & Co. CEO Stan O'Neal was ousted from his job and didn't receive any 2007 bonus. However, Mack did receive an $800,000 salary and $399,153 of other compensation, according to a filing with the Securities and Exchange Commission on Friday. Among the perks was $355,000 spent on his pe...
By: Hot market news
160 UK jobs axed as Morgan Stanley closes Advantage Home Loans subsidiary
2008-02-15 09:30:00 US investment bank Morgan Stanley has announced the "immediate" closu
Morgan Stanley A.C.E. Fund (Across Capitalisations Equity) (Growth plan) In
2008-02-14 19:47:00 Offer Opens on : February 11, 2008 Offer Closes on : March 10, 2008 Scheme Type : Open-ended Equity Diversified Investment Plan : Growth Entry Load : 2.25% for investment less than Rs 5 crs. Exit Load : 1% For purchases of less than Rs 5 crs if redeemed
By: NFO India
Morgan Stanley A.C.E. Fund (Across Capitalisations Equity) (Dividend plan)
2008-02-14 19:45:00 Offer Opens on : February 11, 2008 Offer Closes on : March 10, 2008 Scheme Type : Open-ended Equity Diversified Investment Plan : Dividend Entry Load : 2.25% for investment less than Rs 5 crs. Exit Load : 1% For purchases of less than Rs 5 crs if
By: NFO India
Morgan Stanley trims 1,000 jobs - scales back residential mortgage lending
2008-02-14 02:30:00 Morgan Stanley is cutting more than 1,000 jobs here and in the U.K. as it scales back its residential mortgage lending division in both countries. Pundits have argued that European housing markets may be more overheated than here in the states and Morgan Stanley is taking its remaining chip stack off the table and waiting ...
Morgan Stanley Cuts 1,000 Jobs
2008-02-14 01:51:00 Morgan Stanley, the second largest securities firm, announced Wednesday plans to eliminate 1,000 positions. The company is drastically reducing its U.S. mortgage business and also shutting down its home loans division in the U.K.
Advantage Home Loans to shut as Morgan Stanley announces 1,000 job losses
2008-02-14 00:30:00 US Mega-bank Morgan Stanley has just announced that it will be cutting 1,000 jobs worldwide, with the bulk of the cuts happening in the US and the UK. While, in the US, the company will be simply reining in and losing spare capacity, in the US, it’s being reported that the company will shut down Advantage ...
Morgan Stanley Cuts 1,000 Mortgage Related Jobs
2008-02-13 20:02:00 Morgan Stanley (MS), the investment firm, is cutting 1,000 jobs in it’s United States and British mortgage departments. The reason is that slowing demand has created excess capacity in these departments. The move affects 1,000 jobs in the United States and Britain, and will lead to the discontinuation of the British-based residential mortgage lending business ...
Morgan Stanley in joint venture with Gateway Securities
2008-02-13 12:15:00 Wall Street investment bank Morgan Stanley has established a joint venture with Gateway Securities, a small brokerage in Vietnam, a source close to the deal said Wednesday. "It will be a platform onshore for the bank's activities in Vietnam," the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Morgan Stanley, Goldman Sachs for debt mkt
2008-02-13 00:55:00 With interest rate situation stabilising and given that rates may soften going forward, business of setting up bond houses has attracted a lot of attention. Heard on street10 Vote(s)
By: Market Buzz
Morgan Stanley eyes Vietnam venture
2008-02-12 05:22:00 Morgan Stanley plans to set up a securities joint venture in Vietnam, after an earlier plan to tie up with the state investment company fell through, industry sources said. The bank was awaiting regulatory approval for the deal, which could make it... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Merrill Lynch, Morgan Stanley Talk Recession
2008-02-08 21:49:00 Last night Reuters reported that despite U.S. monetary policy easing, equity and credit markets are suggesting it?s too late to avoid a recession, according to economists at Morgan Stanley. Analysts Luca Bindelli and Stephen Jen said in a research report that those markets suggest: ?it is too late to avoid the inevitable. Indeed, the ...
By: Boom2Bust.com
Morgan Stanley predicts US Recession in 2008
2008-02-08 06:03:00 Despite the Federal Reserve’s aggressive easing of monetary policy, equity and credit markets are suggesting that it is too late to avoid a recession, according to economists at Morgan Stanley. Those markets suggest ‘it is too late to avoid the inevitable’, said analysts Luca Bindelli and Stephen Jen in a research report. ‘Indeed, the new senior ...
By: Kopitiam.SG
UNITED STATES: Wall Street se une a la lucha contra el cambio climático con
2008-02-06 03:11:00 Tres bancos de Wall Street se unieron hoy a la lucha contra el cambio climático al anunciar que se guiarán por los llamados "principios del carbono", que pondrán más difícil a las empresas energéticas obtener financiación para construir en Estados Unidos centrales eléctricas que funcionen con carbón.Los "principios del carbono" han sido establecidos por Citigroup, J.P. Morgan Chase y Morgan Stanley, tras consultar con empresas energéticas estadounidenses, grupos ecologistas y organizaciones no gubernamentales.Se trata de la primera vez que unos bancos se unen en Estados Unidos para establecer principios medioambientales que sirvan como guías a la hora de ofrecer préstamos a las empresas energéticas."Estos principios son el resultado de un esfuerzo intensivo de nueve meses para crear una propuesta para evaluar y hacer frente a los riesgos del carbono a la hora de financiar proyectos de generación de energía", señalaron en un comunicado conjunto Citigroup, J.P. Morgan Chase y Morgan S...
Merrill Lynch Says U.S. In Recession
2008-01-08 05:41:00 Back on December 20, the Toronto-based Globe and Mail said a recession probability indicator at Merrill Lynch was signaling a 100% probability for a U.S. recession within the next 12 months. Earlier today, the Telegraph (UK) said Merrill Lynch is the first major bank to declare that a recession in the world?s biggest economy is now ...
By: Boom2Bust.com
Morgan Stanley buys $217 mln stake in Petrovietnam's PVFC
2007-12-28 12:29:00 nMorgan Stanley has paid $217 million for a 10 percent stake in Petrovietnam Finance Corp (PVFC), the financial arm of Vietnam's state oil firm said on Friday, ahead of an expected stock market listing early next year. Morgan Stanley has been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Morgan Stanley rules out China bubble scenario
2007-12-22 06:13:00 From Asian InvestorThe firm believes China will be able to handle the multiple challenges of a US economic slowdown, asset reflation and monetary tightening.Morgan Stanley believes that even if the US slips into recession in 2008, the Chinese economy will continue its robust expansion, with only some disruptions from export slowdown and asset price deflation.“We are now ruling out a bubble scenario for Chinese equities, although we remain bullish on the Hong Kong listed offshore China equities in 2008,†Morgan Stanley writes in a recent report. “We think corporate China can handle the three challenges including a US recession and export slowdown, domestic asset price deflation, and monetary tightening and austerity controls, well through 2008.â€As “decoupling believersâ€, Morgan Stanley believes the MSCI Barra China will produce an earnings growth of 24% in the coming year, although market multiples might contract if the US recession materializes. Morgan Stanley uses the c...
More Eastern buying of Western Banks - this time it?s the Chinese
2007-12-20 19:40:00 Ten days ago, I wrote about how the Singapore and Abu Dhabi governments are buying up Western banks. This week has seen the Chinese Government buy almost 10% of Morgan Stanley, the US mega-bank, as reported in the International Herald Tribune. To give you an idea of how big Morgan Stanley is, it’s just written down the ...
Subprime hit gives Morgan Stanley its 1st-ever loss
2007-12-20 12:31:00 From Chicago TribuneMorgan Stanley on Wednesday reported a $9.4 billion write-down from bad bets on mortgage-related debt, leading to the first quarterly loss in its 73-year history, and said it was taking a $5 billion infusion from an arm of the Chinese government.The write-down, nearly triple what Morgan Stanley warned of in November, pushed the investment house to a fourth-quarter net loss of $3.59 billion, or $3.61 a share, compared with a profit of $2.21 billion, or $2.08 a share, a year earlier. Analysts expected a loss of 39 cents a share for the latest period.Morgan Stanley reported negative net revenue of $450 million because of the write-downs, compared with revenue of $7.85 billion a year ago.Morgan Stanley is the latest Wall Street firm to be punished by the unfolding credit crisis and to be forced to reach out to a foreign government for a major investment to shore up its books. Major global banks have lost $100 billion in the past six months alone."This quarter will pu...
Chinese Acquire 9.9% of Morgan Stanley
2007-12-19 22:54:00 A state controlled China Investment Corp. acquired roughly 9.9% of Morgan Stanley for $5 billion in cash. The news comes after Morgan Stanley reported its first quarter loss Wednesday. It posted a huge loss of $3.54 billion or $3.61 per share. CEO, John Mack, stated that the loss was `embarrassing` and that he would forgo his bonus for the year.
Morgan Stanley, Inc (MS)
2007-12-19 13:49:00 Morgan Stanley Inc.(MS) just reported its quarter and the stock started trading higher immediately, but within a few minutes it turned down and is now trading at $47.29, down 1.62%. It looks like the write down was larger than what they expected just a month ago. The total fourth quarter writedown is $9.4 billion. As of October 31, 2007, the company expected only $3.7 billion in writedowns,
Morgan Stanley Credit Corporation d/b/a Morgan Stanley Home Loans | Employe
2007-12-17 23:29:00 If you were employed by Morgan Stanley Credit Corporation as a mortgage loan employee (i.e., loan officer, loan processor, loan consultant, loan broker, loan specialist, loan originator, etc.) and you believe that Morgan Stanley Credit Corporation has not paid you all of the overtime pay, hourly wages, salary and other benefits that you believe Morgan ...
Goldman Sachs, Morgan Stanley, Bear Stearns Report Earnings This Week
2007-12-17 14:33:00 Brokerages to Report Earnings This Week: Goldman Sachs, Morgan Stanley, Bear Stearns. Brokerage Earnings Outlook with Howard Silverblatt of S&P.
Morgan Stanley Asia?s Chairman Issues U.S. Recession Warning
2007-12-17 03:06:00 Morgan Stanley Asia?s chairman, Stephen Roach, spoke to Sky News earlier today while visiting Australia and warned that while the U.S. economy is entering a recession, the Federal Reserve, along with the rest of the world, doesn?t appear to grasp its significance. While the Fed cut interest rates the last time they met, Roach feels ...
By: Boom2Bust.com
Morgan Stanley Lowers Price Target for Citigroup
2007-12-12 23:18:00 Morgan Stanley lowered their price target for Citigroup to $28.00 from $34.00. They expect Citigroup's new CEO, Vikram Pandit, to cut the dividend to 30 cents per share from 54 cents. Other analysts have also reported that Citigroup would need to cut their dividend in order for the Bank to replenish its capital.
Morgan Stanley Issues Recession Warning
2007-12-12 22:52:00 Morgan Stanley issued a warning today warning of a steep slowdown in business investment and conditions that could lead to a full blown recession in 2008. In a report entitled "Recession Coming," Morgan Stanley reported that the credit crunch has started to cause serious damage to US companies. |
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