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INX:MS, Oct 17, 01:48 UTC

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US STOCKS-Wall St cheers Brexit deal; Netflix, Morgan Stanley results set positive mood

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US STOCKS-Wall St cheers Brexit deal; Netflix, Morgan Stanley results set positive mood. Oct 17 (Reuters) - U.S. stocks were on pace to open higher on Thursday, after Britain struck a preliminary last-minute deal with the European Union easing some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season. This followed upbeat results earlier in the week from major U.S. banks JPMorgan Chase & Co, Citigroup Inc, Bank of America and healthcare giants Johnson & Johnson and UnitedHealth Group Inc. "So far so good. Definitely the bank earnings have been terrific, relative to expectations," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. Analysts are expecting S&P 500 third-quarter earnings to fall by 3%, which would mark the first year-on-year contraction since the earnings recession that ended in 2016. However, of the 43 S&P 500 companies to have posted quarterly results so far, 86% have beaten expectations.

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US STOCKS-Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer

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US STOCKS-Futures rise on Brexit deal; Netflix, Morgan Stanley earnings adds to cheer. Oct 17 (Reuters) - Wall Street was set for a higher open on Thursday, after Britain struck a preliminary last-minute deal with the European Union helping to ease some geopolitical jitters, while upbeat earnings from Netflix and Morgan Stanley affirmed a strong start to the reporting season. "Although, the agreement reached between the U.K. and EU needs to be approved by the British parliament, the headline news coupled with U.S. earnings should boost market sentiment," said Peter Cardillo, chief market economist at Spartan Capital Securities in a client note. Analysts are expecting S&P 500 third-quarter earnings to fall by 3%, which would mark the first year-on-year contraction since the earnings recession that ended in 2016. However, of the 43 S&P 500 companies to have posted quarterly results so far, 86% have beaten expectations.

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Morgan Stanley Earnings Top On Trading Revenue; Stock Rises

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Morgan Stanley earnings easily topped third-quarter estimates, capping bank giant earnings. Morgan Stanley stock rose but has been in a long slide.

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Yesterday


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Cloud software stocks slammed amid Workday fears, Morgan Stanley doubts

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Workday Inc. shares were getting crushed Wednesday and dragging on the cloud software space Wednesday after several analysts cut price targets on the stock after the human capital management software company’s analyst day.

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Tuesday, October 15


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Trading, Global Woes to Mar Morgan Stanley (MS) Q3 Earnings

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Trading, Global Woes to Mar Morgan Stanley (MS) Q3 Earnings. Here are the other factors that are expected to have impacted Morgan Stanley’s third-quarter results:Lower underwriting fees: Decent equity markets performance and the central banks’ dovish stance seem to have supported equity issuance across the globe. However, fears of economic slowdown and several other concerns weighed on companies’ plans to raise capital by issuing shares. Further, decline in interest rates (two rate cuts – in July and September) and flattening of the yield curve are likely to have hampered growth in Morgan Stanley’s NII.Reduced scope of cost containment: Expense reduction, which has long been the main strategy to remain profitable, is not likely to have been a major support in the quarter. But given the success of Morgan Stanley’s cost-saving efforts and other restructuring initiatives, overall operating expenses are expected to have remained manageable.Here is what our quantitative model predicts:Our proven model shows that Morgan Stanley does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or better — to increase the odds of an earnings beat.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: The Earnings ESP for Morgan Stanley is -4.00%.Zacks Rank: Morgan Stanley currently carries a Zacks Rank #3. The figure suggests a year-over-year decline of 3.4%.Also, the consensus estimate for sales of $9.68 billion indicates a fall of 1.9%.Stocks Worth a LookHere are a few finance stocks worth considering as they have the right combination of elements to post an earnings beat this quarter.BNY Mellon BK is scheduled to release results on Oct 16.

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Morgan Stanley tips Afterpay share price to race higher

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The Afterpay Touch Group Ltd (ASX: APT) share price is 2.8% higher at $37.12 this morning after the sell side research desk at Morgan Stanley released a research note tipping the stock to hit $44 over the next 12 months. I expect Morgan Stanley won’t be the last broker to start Afterpay coverage on an optimistic note through 2019 and 2020. When it comes to research powerful buy-side institutional investors will tend to do their own research and keep it close to their chests, although they will take research notes from sell side houses that include brokerage functions. The point being that buy-side managers have a duty to seek ‘best price execution’ for their own underlying unit holders, rather than giving business to brokers that provide research or take them out for long lunches. Ever since scrip changed hands for $5 the stock was also regularly labelled ‘overvalued’ by its critics, but it has shown how breakneck growth usually rides roughshod over all else for investors. As at June 30 2019 Afterpay had 32,300 merchants providing buy-now-pay-later services to 4.3 million shoppers.

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Friday, October 11


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Morgan Stanley Sells 78,586 Shares of Ameriprise Financial, Inc. (NYSE:AMP) – TechNewsObserver

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Morgan Stanley owned 0.52% of Ameriprise Financial worth $99,316,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc now owns 2,084,864 shares of the financial services provider’s stock worth $302,638,000 after acquiring an additional 941,409 shares during the last quarter. Northern Trust Corp raised its holdings in Ameriprise Financial by 0.6% in the 2nd quarter. Northern Trust Corp now owns 1,699,557 shares of the financial services provider’s stock valued at $246,708,000 after buying an additional 10,775 shares during the last quarter. Finally, UBS Group decreased their target price on shares of Ameriprise Financial from $178.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

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American Electric Power (NYSE:AEP) Price Target Increased to $97.00 by Analysts at Morgan Stanley – TechNewsObserver

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American Electric Power (NYSE:AEP) had its price target lifted by stock analysts at Morgan Stanley from $91.00 to $97.00 in a research report issued on Wednesday, September 25th, BenzingaRatingsTable reports. During the same period in the previous year, the firm earned $1.01 EPS. As a group, equities analysts anticipate that American Electric Power will post 4.14 EPS for the current year. In other American Electric Power news, VP Brian X. Tierney sold 4,458 shares of the business’s stock in a transaction on Monday, July 29th. Following the sale, the vice president now owns 39,745 shares of the company’s stock, valued at approximately $3,566,318.85.

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Thursday, October 10


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Wynn Resorts (NASDAQ:WYNN) Price Target Lowered to $115.00 at Morgan Stanley – TechNewsObserver

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Wynn Resorts (NASDAQ:WYNN) had its target price reduced by equities researchers at Morgan Stanley from $129.00 to $115.00 in a research report issued to clients and investors on Tuesday, September 17th, BenzingaRatingsTable reports. The company’s stock had a trading volume of 1,177,845 shares, compared to its average volume of 2,124,713. Wynn Resorts has a 1 year low of $90.06 and a 1 year high of $151.50. The stock was sold at an average price of $117.30, for a total transaction of $2,932,500.00.

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Earnings Preview: Morgan Stanley (MS) Q3 Earnings Expected to Decline

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This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 17. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Morgan Stanley? For Morgan Stanley, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Morgan Stanley would post earnings of $1.13 per share when it actually produced earnings of $1.23, delivering a surprise of +8.85%.

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