All Posts Tagged With: "Morgan Stanley"
Morgan Stanley (NYSE: MS) To Close 300 Branches, Cut Jobs
According to recent reports, Morgan Stanley (NYSE: MS) has plans to close 300 branch offices and reduce its workforce by up to 1,200 over the next year. The move comes as the bank looks to cut costs and better integrate the resources of its brokerage business with those of Citigroup’s Smith Barney unit; the two [...]
Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) Leading Candidates for Underwriting General Motors’ IPO
With as much as $300 million in underwriting fees at stake, one of the largest paydays many years for investment bankers, Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM) are reportedly among the leading candidates to land the underwriting job for the initial public offering of General Motors. Citing one person with knowledge of the matter, [...]
Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) Slammed After Spain’s Debt Dowgraded
The Dow has given up its gains for the week, and financial stocks like Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are all down on the downgrade of Spain’s debt by Fitch Ratings from its prior AAA rating to AA+. Spain had had a [...]
Morgan Stanley (NYSE: MS) To Hold Investment Symposium For Domestic Partners
Morgan Stanley (NYSE: MS) announced Tuesday that in conjunction with the Gay & Lesbian Alliance Against Defamation (GLAAD), the Williams Institute – UCLA School of Law and The Principal Funds, it will host a private reception and investment symposium on wealth planning for domestic partners on Thursday, May 27, 2010. The Wall Street bank said [...]
Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) Hired by Abbott (NYSE:ABT) for $3 Billion Bond Issue
Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) have been hired, along with Barclays Plc and Deutsche Bank AG, to manage the sale of $3 billion in bonds, which will be the largest corporate bond sale in about a month. In a prospectus filed with the Securities and Exchange Commission, Abbot Laboratories said [...]
JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) Could Get Crushed by New Derivative Regulations
If the proposed new government regulations on derivatives remains in the financial reform bill passed on Thursday, large financial institutions like JP Morgan (NYSE:JPM), Goldman (NYSE:GS), and Morgan Stanley (NYSE:MS) could have earnings demolished by up to 20 percent, according to the banks. Assuming that’s close to being accurate, it’s going to be extremely challenging [...]
Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Morgan Stanley (NYSE:MS) Could Get Crushed if Forced to Spin Off Swaps Desks
Now that the vote to close off debate on the huge financial regulation bill has passed by 60-40, voting on the bill will come very soon, and that raises concerns from banks like Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) on whether or not the inclusion of the provision [...]
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Getting Crushed Under the Weight of Reality
The EU sovereign debt issue will remain on the table for some time with major financial institutions like Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS) and Bank of America (NYSE:BAC), are getting hit hard today, as a number of factors have come together to shake investor confidence in the economy and the banking sector in [...]
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM), Morgan Stanley (NTSE:MS) All Up on Senate Banking Vote
With almost all the major banks like Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) and Morgan Stanley (NTSE:MS) having their share prices rise in anticipation of the test vote from the Senate, which would effectively close debate on the bill, it shows how the market is viewing the issue. The [...]
Morgan Stanley (NYSE:MS) Shareholders Say No to Independent Chairman
At the annual shareholder meeting of Morgan Stanley (NYSE:MS), shareholders rejected the proposal that the chairman of the company must be an independent director who hadn’t ever worked as an executive officer there. The board of directors at Morgan Stanley had all opposed the idea, which had originated and was submitted by the Laborers National [...]
Citigroup (NYSE:C), Bank of America (NYSE:BAC),JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley’s (NYSE:MS) Exposure to European Crisis
It hasn’t taken more than few days after the announcement that the European Union would be bailing out the socialist, welfare states of the region, when it is being increasingly realized that this is another way of saying we’re bailing out the banks again, including the largest ones from America – Citigroup (NYSE:C), Bank of America [...]
Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) Concerned Over EU Inflation
As investors have digested the implications of the bailout package of close to $1 trillion for the irresponsible spending by the countries in southern Europe, Morgan Stanley (NYSE:MS) and Credit Suisse (NYSE:CS) have rightly noted the strong risk of inflation that accompanies the rescue package. Fears are coming from what appears to be an increasingly [...]
Andrew Cuomo Investigating Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), others, Over “Misleading” Ratings Agencies
Andrew Cuomo has initiated another investigation, this time into eight banks, which include Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), UBS, Deutsche Bank, Credit Agricole and Credit Suisse. This is one of the more stupid things I’ve seen a politician do in the banking crisis, and it’s so obvious that [...]
Report: Morgan Stanley (NYSE: MS) Probed By Regulators Over Derivatives
Federal regulators are investigating Morgan Stanley (NYSE: MS) to figure out whether the bank holding company misled investors in regard to mortgage backed investments it was involved in creating, according to recent reports. The Wall Street Journal broke the story, citing people familiar with the situation. However, Morgan Stanley has already refuted the story. “We [...]
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) All Surge on News of $1 Trillion Loan Package
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) and Morgan Stanley (NYSE:MS), along with numerous other company stocks, have surged upward on the news the European Union will be offering a loan package to combat the crisis worth somewhere near $1 trillion. Most commodity companies also had major gains as the [...]
Morgan Stanley (NYSE:MS) Downgrades Westar Energy (NYSE:WR) To Equal Weight from Overweight
Westar Energy (NYSE:WR) has become a victim of its own success, as its strong 11 percent increase in share price since the early part of March has ended with Morgan Stanley (NYSE:MS) downgrading them from equal weight to overweight, based on valuation. Westar shares have already surpassed the price target Morgan Stanley was looking for [...]
Canada Faces Real Risks says Morgan Stanley (NYSE:MS)
After some glowing reviews from Moody’s (NYSE:MCO) and the Bank of Canada, it seems the country is poised to grow at rates faster than expected, but Morgan Stanley (NYSE:MS) says there are some very real risks Canada faces, and there’s no surety the increased estimate for growth in the country will become a reality. Moody’s [...]
Morgan Stanley (NYSE:MS) Raises Brazil Growth Forecast to 6.8 Percent – Inflation Worries Rise
After falling into a recession last year, Brazil has turned things around and Morgan Stanley (NYSE:MS) has raised its estimated growth rate for the economy to 6.8 percent from 5.8 percent. The major challenge now if for Brazil to deal with the increasing inflationary pressures which are threatening to accompany that growth. As it stands [...]
Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) Could Lose $28 Billion after Regulations Enacted
With trading revenue estimated to be over $28 billion, government regulations proposed by the Democrats could cut deeply into this lucrative business, causing banks to not only lose revenue, but continue to maintain high risk in spite of the regulation. In other words, revenue and profits would plummet while risk stayed at its current levels [...]
Morgan Stanley (NYSE: MS) To Close 120 Locations To Eliminate Overlapping
Morgan Stanley (NYSE: MS) will likely close 120 U.S. brokerage offices in order to remove overlapping that exists with Smith Barney locations, said President and COO Charles D. Johnston, according to a Bloomberg report. Johnston made the announcement while speaking at a conference in New York, stating that U.S. locations will likely be cut down [...]



