|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||45.64 - 46.72|
|52 Week Range||42.88 - 59.38|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||11.82|
|Earnings Date||Jan 16, 2019 - Jan 21, 2019|
|Forward Dividend & Yield||1.20 (2.61%)|
|1y Target Est||58.98|
is sweetening its sunset retirement packages for top-producing advisors, according to an internal memo. FAP allows retiring advisors to monetize their practice by transferring their books of business to more junior counterparts. Under the new plan, the top advisors’ maximum retirement payouts increase from 250% of 12-month trailing production to 350%, according to FinancialAdvisorIQ.
The Mega Millions jackpot has reached $1 billion. A Mega Millions prize of any amount can be claimed up to one year from the date of the drawing. The previous record jackpot in Mega Millions was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012.
Michael Grimes has a bigger prize in mind. Mr. Grimes, Morgan Stanley’s top technology banker, has moonlighted for years as a driver for the ride-hailing service, according to people familiar with the matter. Valuing the nine-year-old company at as much as $120 billion, an Uber IPO would reward investment bankers with tens of millions of dollars in fees and equally valuable bragging rights. Noah Berger/Bloomberg News Michael Grimes, pictured in 2010, has worked at Morgan Stanley with tech clients including Facebook and Pandora.
The big financial institutions earned some decent share price bumps with their latest quarterly reports, but their valuations still look relatively cheap.
At Morgan Stanley, bankers are keen to give you bridge financing so you can bid for your mansion in cash. Beyond the billions in trading gains and deal fees, the Wall Street firms’ profit reports this week showed they’re increasingly rushing into the booming market for lending to high-net-worth individuals. Forced into becoming bank holding companies by the financial crisis, the firms have embraced the lending business in recent years.
The firm co-founded by investor Peter Thiel is discussing plans with Credit Suisse Group AG and Morgan Stanley to go public as soon as the second half of next year, the paper said. After Palantir shared some of its financials, Morgan Stanley estimated a public offering in 2020 in the range of $36 billion to $41 billion, the paper said.
Investing.com - Financials staged a rally heading into close, driving Wall Street off session lows, as bank stocks surged amid a slew of upbeat earnings and rising bond yields.
Netflix raked in almost 7 million subscribers in the third quarter, with the vast majority of those coming from overseas.
Goldman Sachs Group Inc. and Morgan Stanley on Tuesday reported sharply higher third-quarter earnings, wrapping up a week of big-bank reports that reflect the strength of the U.S. economy in shrugging off geopolitical turmoil. Profit rose 19% at Goldman and 20% at Morgan Stanley. Morgan Stanley shares rose more than 5%, and Goldman gained 3%, though both are down double-digits on the year.
Jim Cramer explains what led the market to soar on Tuesday after days of selling and says the strength can last if the Fed behaves accordingly.
The U.S. stock market rose sharply on Tuesday, but that doesn't necessarily mean it's time to celebrate yet, says Virtu Financial's Matthew Cheslock.
(Bloomberg) -- As earnings season for the biggest U.S. banks wrapped up on Tuesday, the benefits to Wall Street of rising interest rates and a healthy economy became clear.
Earnings season is just getting started, but the early signs are looking even better than the bulls were anticipating.
Since Wednesday, IBD's Market Pulse has been in correction mode. Tuesday's bullish action doesn't change the lack of a bullish signal.
Tech stocks raced higher early Tuesday as the Nasdaq composite rose over 1%. Netflix will report earnings after the stock market close.
THINGS TO KNOW (MS)’s pre-tax net income from wealth management jumped 7% in the third quarter from the same quarter a year ago, the company reported. Revenues climbed 4% over the year. Meanwhile its advisor corps shrank slightly, to 15,655 from 15,759.
Bank executives point to a good environment, in which consumers are spending and companies are investing. Yet, the market seems to be focused on one thing: rising interest rates.
U.S. equities climbed Tuesday following a slew of third-quarter earnings reports from big banks and consumer companies, many of which beat Wall Street expectations in key metrics.
Morgan Stanley and Goldman Sachs Group Inc. both said on Tuesday that their investment-banking businesses surged in the third quarter, a sharp contrast to the slumps seen at all their major rivals. The investment-banking results powered better-than-expected quarterly profits for both Goldman and Morgan Stanley and sparked rallies in their stocks. "Banking results are extremely strong, this is our best third quarter," Morgan Stanley Chief Financial Officer Jonathan Pruzan said in a phone interview.
The firm’s infrastructure unit, which is part of Morgan Stanley Investment Management, is planning on formally wooing investors starting early next month, said one of the people, who asked not to be named because the matter is private. Morgan Stanley is poised to seek more than the $3.6 billion it raised in 2016 for its second fund, the person said. It’s unclear what the firm’s final target will be, but rivals including I Squared Capital, Stonepeak Infrastructure Partners and KKR & Co. each raised $7 billion or more in recent months.
Ryan McQueeney recaps the morning's top pre-market earnings reports from Goldman Sachs, Morgan Stanley, and Johnson & Johnson. Later, he is joined by Zacks Strategist Dave Bartosiak to discuss upcoming reports from Netflix and IBM.
Oct.16 -- Jeff Harte, Sandler O'Neill & Partners bank analyst discusses earnings from Goldman Sachs and Morgan Stanley. He speaks on "Bloomberg Markets."