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US stocks again hit fresh highs at the close on strong consumer confidence data
The consumer confidence index jumped to a reading of 127.3 in June, the highest level since February 2020
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Morgan Stanley
NYSE:MS
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
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US banks open dividend tap as Covid-19 restrictions lift
Rules were eased after the completion of stress tests last week
Morgan Stanley says buy UK stocks as they are 'oversold'
Domestic shares are the second most 'oversold' in Europe, according to Morgan Stanley
Gen Z workers want to return to office, says office spaces company
Meanwhile, Morgan Stanley is asking staff and clients to be fully vaccinated before entering its New York sites
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Dow hits fresh highs, S&P 500 clinches fourth straight winning week
Positive economic data and strong earnings sent the Dow to a record high, while the S&P 500 enjoyed similar success
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A Mystery in 10-Year Treasuries Has Links to Carry Trade Blowup
Hedge funds are snapping up 10-year Treasury futures, and no other maturity, presenting a puzzle. The answer may lie in the collapse of a popular carry trade last year. The highly-leveraged basis trade involved going long cash bonds and sel
Elon Musk buying shares in UFC owner Endeavor sparks fresh IPO talk
Some US$1.77bn shares have been sold to new and existing shareholders, and, documents have been filed for a placeholder US$100mln NYSE float.
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Germany to Sell Record Debt of Up to $576 Billion in 2021
Germany to Sell Record Debt of Up to $576 Billion in 2021 This article from Bloomberg may be of interest to subscribers. Here is a section: The final decision on next year’s budget will be taken by the government that takes charge of Europe
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Why Amazon May Fill Its Own Shopping Cart With Buybacks
Amazon.com Inc.’s equity performance has far exceeded the S&P 500 Index over the past five years, yet buybacks may be the best use of capital in the near term as financial flexibility grows and excess cash builds, according to Bloomberg Int
Flying taxis to get first dedicated airport in Coventry as part of Hyundai collaboration
The South Korean carmaker’s Urban Air Mobility division has teamed up with UK-based Urban Air Port as its “priority infrastructure partner”
Equity markets are frothy and will probably run hot for a while, say investment banks
Any investors worried about excess valuation, “should look outside US equities”, said Citi, suggesting the UK as its current favourite value trade
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US stocks close down on uncertain fate for coronavirus stimulus deal and spiking COVID-19 infections across Europe
The Labor Department said there were 898,000 first-time filers of jobless benefits in the prior week, higher than an estimate of 830,000.
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Morgan Stanley's Sheets Goes All-In on V-Shaped Recovery Trades
“The glass half-full view of stimulus talks is if you don’t get it today you’ll get it tomorrow from whomever wins the election,” Sheets said in an interview. “This V-shaped recovery is still intact.” His conviction that growth will continu
Hold tight on tech stocks but don’t focus on wider indices, top banks say
Morgan Stanley advised to pick smaller companies levered to a further reopening of the economy while UBS looks at those in areas accelerated by COVID-19
Smith & Nephew should see orthopaedic surgeries flat by year-end, says Morgan Stanley
Having checked with doctors, hospitals and manufacturers, the analysts say elective orthopaedic procedures are beginning to return across the globe following a near-shutdown in April
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Consumer Better than Feared? Earnings Revisions Bottoming
Email of the day on Australian coronavirus infections Long time since I have sent an email to you, however I have kept my subscription up (joined in 2006) and always look forward to your daily audio/video etc.
Fuller Treacy Comment of the Day - Cyclical Bear Ending; Secular Bull to Resume; Investor Feedback & FAQs
The idea of Modern Monetary Theory scandalised investors a year ago but very much the reality today as central banks fall over themselves to accommodate the efforts of governments to spend their way out of the trouble. My contention since e
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Oil price, Shell, Sundry
After Thursday’s bounce it all went pear shaped again on Friday as crude prices fell again, indeed WTI for April expired at the close, May was $22.63 so only 20 cents higher. The rig count indicated the shape of things to come with a fall o
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With Gold Up, Miners Face Payouts Versus Production Dilemma
Gold producers are “gushing cash,” said John Hathaway, senior portfolio manager at Sprott Asset Management, in support of the higher dividends. “They are in a position to raise their dividend,” he said. “And there will be boardroom pressure
Morgan Stanley set to buy discount brokerage E*Trade Financial in $13 billion deal
The move adds strength to the investment banker’s wealth management unit at a time when the discount brokerage sector is seeing increased pressure on its business model
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Why palladium prices keep hitting new highs and rhodium has already rallied by over 40% this year
Kavalis of Metals Focus, meanwhile, says original equipment manufacturers “will be wary to make such dramatic changes to their after-treatment systems and risk failing regulatory compliance for a saving which, while significant, is only a s
Morgan Stanley downgrades Tesla to Underweight with unchanged target price of $360
The investment bank said it based its decision on valuation, unfavorable risk-reward, and risks to the long-term Chinese business that may not be fully appreciated by the market
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Trump Ties Brazil, Argentina Steel Tariffs to U.S. Farm Woes
Eoin Treacy's view A link to today's video commentary is posted in the Subscriber's Area. Some of the topics discussed include: Dollar eases as investors weigh the impact of additional monetary stimulus. stocks ease back, oil quiet, gold st
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2020 Outlook What Investors Are Saying
A link to the full report is posted in the Subscriber's Area. It takes all kinds of views to make a market and that is particularly true when supply and demand have been in relative equilibrium for almost two years. When that amount of time
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2020 Vision: An Early Guide to the US Election
Divided government outcomes tend toward legislative gridlock. And though divided governments could still influence the outlook through regulatory reinterpretations and resulting impacts to business sentiment, they are unlikely to deliver tr
Morgan Stanley beats 3Q estimates as bond trading revenue surges
The New York bank posted $10.1 billion in revenue, a surprise increase amid a difficult quarter for some Wall Street firms
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Back to Reality; Trade "Truce" Changes Very Little; Overpaying for Growth Still the Biggest Risk
A link to the full report is posted in the Subscriber's Area. The fiscal impetus from the Trump tax cuts is expiring but the boost from the commitment to increase government spending agreed in the summer remains an important factor. Neverth
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Back to Reality; Trade "Truce" Changes Very Little; Overpaying for Growth Still the Biggest Risk
A link to the full report is posted in the Subscriber's Area. The fiscal impetus from the Trump tax cuts is expiring but the boost from the commitment to increase government spending agreed in the summer remains an important factor. Neverth
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Barclays becomes Europe's only major investment bank as Deutsche retreats
The German bank's plans to close down its equities trading arm will leave Barclays as the only European bank in the so-called 'bulge bracket' of heavyweight multi-national financiers
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Late Movers: Morgan Stanley sinks as it becomes latest big bank to disappoint with earnings
Alcoa Corp and Taiwan Semiconductor were also in the frame in afternoon trade on Thursday
Stocks close lower in abbreviated Black Friday trading as Chevron leads energy decline
Apple shares dropped after a report that its biggest iPhone assembler, Foxconn, plans to cut $2.88 billion from expenses in 2019
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Goldman Sachs falls after Morgan Stanley downgrade over Malaysian fund probe
The investment bank was lowered to 'equal-weight' because of the risks related to the investigation of its role in raising funds for the state fund 1MDB
Investments and investor services
Tesla announces new lower-cost Model 3; 4Q vehicle deliveries seen very strong says Morgan Stanley
Prices for the Model 3 could hit $60,000 per unit or more
Investments and investor services
Uber Technologies raises $2 billion in bond sale as it gets ready for 2019 IPO, says CNBC
Uber's IPO in 2019 could be valued at a record of more $100 billion
Hardware & electrical equipment
Data mining company Palantir considering 2019 IPO valued at $41 billion, says WSJ
Palantir is reportedly in talks with investment banks Credit Suisse and Morgan Stanley about an IPO by the second half of 2019
IPO Roundup: Uber and Lyft race towards IPOs as banks line up
Lyft’s IPO is likely to be one of the most hotly anticipated public offerings next year and a litmus test for crosstown rival Uber
Investments and investor services
Wall Street stocks marginally softer at the close as earnings season chugs along
The weak tone in the markets comes a day after US benchmarks posted their best rally since March
Investments and investor services
Uber IPO may be worth all-time record $120 billion, says Wall Street Journal
The offering could easily eclipse the record held by Alibaba when it listed in 2014
EARLY MOVERS: Goldman Sachs, Morgan Stanley gain in 3Q thanks to strong deal-making; Walmart cuts profit outlook
Also in the frame was UnitedHealth Group Inc whose quarterly numbers impressed the market.
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Goldman Sachs, Morgan Stanley ride deals to score big 3Q earnings beats
Both US banks were helped by strength in their investment banking divisions, higher IPO revenues, convertible offerings as well as better loan fees
CryptoCann™ Report: Morgan Stanley may offer Bitcoin swap trading; Anheuser-Busch heir launches cannabis company
The financial giant is reportedly planning to offer trading in Bitcoin-tied derivative
Funding Circle confirms plans for London listing in October
Funding Circle said Anders Holch Povlsen had agreed to buy 10% of the share capital through his investment vehicle Heartland A/S
Hardware & electrical equipment
Amazon upgrade by Morgan Stanley could make it second US company with US$1 trillion valuation
Rapidly growing cloud, subscription and advertising business to push revenues much higher
Shares of beauty company Coty spike after Morgan Stanley upgrade
Luxury and professional segment can inspire the company's return to top-line growth
PRE-MARKET MOVERS: Buffett's Berkshire Hathaway adds 2% in pre-market, but Texas Instruments down
Also in the frame in New York's pre-market deals was United Continental Holdings and investment banking titan Morgan Stanley
PRE-MARKET MOVERS: Fastenal fires up in pre-market after earnings top estimates, while Pfizer fizzes higher too
Also in play in pre-market is Morgan Stanley and its promotion and retailer Macy's..
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Morgan Stanley's fourth quarter earnings beat forecasts
Morgan Stanley expects to benefit from rising interest rates and the US tax reform
Morgan Stanley, Bank of New York Mellon, PPG Industries and more - PRE-MARKET
Proactive takes a look at pre-market trade to see what's moving the needle ...
Morgan Stanley expects to take a US$1.25bn fourth quarter hit from the US tax reform bill
The Wall Street bank said in a regulatory filing that its net income for the quarter will include a tax provision of that amount, primarily stemming from the re-evaluation of certain net deferred tax assets using the lower tax rate
Uber calls on former BoE advisor to become UK chair as it fights to keep London licence
Last month Transport for London decided Uber was not "fit and proper to hold a private hire operator licence"
Goldman Sachs boss takes swipe at Brexit with Frankfurt tweet
The boss of the investment bank said he will be spending "a lot more time" in Frankfurt.
Nasdaq lower but Dow Jones and S&P 500 gain at close
US stocks were mixed at the close, with the Nasdaq in the red
Morgan Stanley beats third quarter earnings forecasts on strong wealth management revenue
Morgan Stanley said its sales and trading business faces a subdued environment but third quarter results were buoyed by wealth management and investment banking
Goldman Sachs Group, Morgan Stanley, Harley Davidson and more - PRE-MARKET
We take a look at what's moving the needle in pre-market deals in New York
US stocks heading north into close; ECB meet in focus
US shares are heading higher into the close on Wednesday..
Morgan Stanley, Goldman Sachs and Discovery Communications in focus - PRE-MARKET
We are looking at various movers and shakers here at Proactive ahead of the New York bell
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Q2 2017 Bank Earnings Outlook
Citigroup, Micron Technology Walgreens Boots Alliance Inc - stocks to watch - PREMARKET
A look at pre-market movers and shakers in the US...
Goldman Sachs, Morgan Stanley, Caterpillar, Costco Wholesale in headlines
Here's what's moving early on as Wall Street readies to open for business
US benchmarks tumble after Trump turmoil sends traders fleeing
US stocks slide as the Trump presidency goes from one crisis to the next
Wall Street shares close firmly higher
US benchmarks closed higher on Tuesday as traders await more on Trump's tax plans
Wall Street posts biggest gain for seven weeks
Wall Street shares are set to blast higher on Monday..
Bond trading surge helps Morgan Stanley report strong quarterly earnings growth
For the three months to March 31, Morgan Stanley saw its earnings surge by 74% to US$1.84bn, up from US$1.06bn a year earlier, while earnings per share rose to 100 US cents from 55 US cents, beating expectations for 88 US cents
Wall Street benchmarks mainly lower at close
US equities are set for a higher open after yesterday's losses amid more earnings.
US stocks gain, financials lead on deregulation, Macy’s could have a Canadian owner
Financials led the gains on the benchmark S&P 500 on Friday after US President Donald Trump signed off on two executive actions to make good his promise to reform financial regulation
Morgan Stanley makes hay from Trump victory
Fixed income activity surged after Trump's victory
US stocks fall, financials witness worst day since June
Wall Street looked set to spoil the presidential inauguration ceremony this Friday as US stocks closed sharply lower on Tuesday when the Trump-inspired rally extinguished
Morgan Stanley gets Brexit trading boost
The bank capped a strong earning season for the US investment bank heavyweights by posting earnings 62% higher than a year ago
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US stocks lifted by earnings, oil price surge
US stocks closed higher on Wednesday, lifted by solid earnings from bank Morgan Stanley (NYSE:MS) and oil services provider Halliburton (NYSE:HAL) as well as a jump by oil prices in the wake of shrinking inventories in the world’s biggest e
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US stocks cling to gains after Yellen says its ok to delay rate hikes
US shares clung to the thinnest gains on Friday after Fed chair Janet Yellen hinted at a delay to raising interest rates
US stocks tumble after Deutsche Bank investors flee
US stocks closed sharply lower on Thursday, unwinding most of the previous day’s oil-fuelled rally, after the latest Deutsche Bank developments weighed on banks
Trending: Britain listens to US corporates over Brexit
Britain's Prime Minister May met US businesses in New York this week. The government has heard the British electorate. Now it wants to canvas the views of US business on Brexit
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Trending: US boardrooms talk Brexit before Britain knows its full meaning
Britain’s decision to quit the European Union last month is a bit like a vague black hole, but still investor relations departments from across the United States are signing off company earnings reports and taking questions from analysts wh
Bond trading shake-up and cost cuts help Morgan Stanley
Investment bank's second quarter income fell, but not by as much as expected
Reckitt Benckiser "set to bid for Perrigo" - rumours
Maker of Nurofen and Strepsils Reckitt Benckiser said to eye Ireland-based Perrigo
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Trending: US domiciled banks de-stress after the Fed
Thursday was a good day to be a bank in the United States, so long as you were a US bank in the United States. The sector dominated the top tickers on Wall Street after the Federal Reserve's stress tests approved the capital plans for 31 of
Morgan Stanley settles MBS fines; banks count cost of Yellen remarks
On a day US banks would prefer to forget, shares of Morgan Stanley sink by more than 6% after it agrees to pay US$3.2bn to settle charges it misled investors in residential MBS during the financial crisis
US Risers & Fallers: Morgan Stanley, UnitedHealth, J&J, Amarantus, Avant, Payment Data
Below are some of the main news-driven share price changes as at 11:33 a.m. in New York.
Wall Street struggles as oil slides further
U.S. struggled on Tuesday as WTI oil delved deeper into the sub-$30 territory.
Wall Street benchmarks slip as blue chip earnings disappoint
Halliburton and Morgan Stanley disappointed with their respective third quarter earnings
Wall Street futures point to softer start to trading week
Pre-market dealing saw the Dow Jones about 14 points lower at 17,101, while the S&P 500 and Nasdaq futures were lower too
Wall Street advances amid earnings; Horizon Pharma, Exelixis gain
Wall Street rose modestly today as a better-than-expected start to corporate earnings season raised investor confidence and outweighed a decline in commodities. The S&P 500 (INDEXSP:.INX) inched up 0.1 percent to 2,129.41 at 3:38 p.m. i
U.S. stock-index futures advance on strong earnings from Morgan Stanley, Halliburton
U.S. stock-index futures rose slightly Monday, boosted by better-than-expected earnings from Morgan Stanley and Halliburton Co. Investor sentiment was also buoyed by progress in the Greek debt crisis. Greek banks reopened their branches acr