Morgan Stanley

Morgan Stanley reports Highest Profit since 2007’s second quarter

Morgan Stanley reports Highest Profit since 2007’s second quarter

On Monday, Morgan Stanley reported its most profitable quarter since the financial crisis. According to Thomson Reuters data, it was the financial major's most profitable quarter since the second quarter of 2007. The profit of the Wall Street investment bank was enhanced by higher revenue from trading bonds and equities.

The bank's trading business got a boost after the Swiss central bank scrapped the cap on the franc, the European Central Bank announced its quantitative easing program and the US Federal Reserve took steps to tighten monetary policy.

There was also a strong performance by global stocks. The firm's net profit rose up to 60% and profit of Goldman Sachs jumped to 41%.

Morgan Stanley in talks to reach $500m settlement with New York's attorney general

Morgan Stanley in talks to reach $500m settlement with New York

Morgan Stanley American multinational financial services corporation is in discussions to settle a probe by the state's attorney general.

The investigation is based on whether the firm misled investors in mortgage bonds that lost value during the 2008 financial crisis. On Sunday, the Wall Street Journal reported that the bank is trying to reach a $500m settlement with New York's top litigator, Eric Schneiderman.

The settlement with Schneiderman will include some cash from Morgan Stanley. According to the sources, more than half of the settlement amount will go as aid to struggling homeowners.

Morgan Stanley agrees to pay $1.25 billion to resolve mortgage lawsuit

Morgan Stanley agrees to pay $1.25 billion to resolve mortgage lawsuitUS-based banking giant Morgan Stanley confirmed on Tuesday that it would pay $1.25 billion to the U. S. regulator to settle the charges that it misled investors on the sale of mortgage-backed securities prior to the housing bust.

In September 2011, the U. S. Federal Housing Finance Agency (FHFA), the conservator of Freddie Mac and Fannie Mae, accused Morgan Stanley of making untrue statements and material omissions in the sale of nearly $11-billion worth of mortgage securities.

US regulator fines Morgan Stanley

Morgan-StanleyWashington, Aug 23 : The US Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley $1 million and ordered another $188,000 in restitution plus interests for its failure to provide the best execution and a fair price in customer transactions.

FINRA, the largest independent regulator for all securities firms doing business in the US, said Thursday it found that Morgan Stanley failed to ensure that the purchase or sale price to the customer was as favourable as possible under current market conditions in 116 customer transactions, involving corporate and agency bonds.

Infosys may lower revenue forecast for FY2013-14: Morgan Stanley

Infosys may lower revenue forecast for FY2013-14: Morgan StanleyBangalore-based software giant Infosys may lower its revenue forecast for the current financial year, as wage hikes and productivity continued hitting its margins, brokerage firm Morgan Stanley said in its latest report.

As per Morgan Stanley's prediction, Infosys may lower its revenue guidance for the financial year 2013-14 to 4-6 per cent, from its April projection of 6-10 per cent.

Morgan Stanley upgrades Bharti Airtel to "overweight"

  Morgan Stanley upgrades Bharti Airtel to "overweight"Global financial analytical giant, Morgan Stanley has upgraded the shares of Indian telecom sector giant, Bharti Airtel to `overweight' from `equal-weight' due to favourable developments like rising tariffs and data volumes, lower capital expenditure and lesser competition.

L&T Finance might acquire Morgan Stanley’s wealth business

L&T Finance might acquire Morgan Stanley’s wealth businessL&T Finance Holdings is planning to acquire the wealth business of global financial giant, Morgan Stanley in order to strengthen its presence in eth industry in the country.

According to some reports, the company is in advanced stages of negotiations to acquire Morgan Stanley's wealth management business in India. The acquisition, if finalized, will help L&T Finance expand its presence in the country's still new wealth management industry.

Morgan Stanley plans to cut 1,600 jobs globally

Morgan Stanley plans to cut 1,600 jobs globallyLondon, Jan 10 : Morgan Stanley has planned to cut 1,600 staff, with about half the reductions coming from outside the US.

Chief executive James Gorman warned earlier that the investment banking industry still had "way too much capacity and compensation is way too high".

The cuts will come from Morgan Stanley''s investment banking business, with more expensive senior employees among those most at risk, the Telegraph reports.

Morgan Stanley advises investors to “avoid” public sector lenders

Morgan Stanley advises investors to “avoid” public sector lendersMorgan Stanly has advised investors to keep away from State Bank of India (SBI) and several other Indian public sector lenders citing asset quality issues.

Morgan Stanley raises its forecast for India's FY13 GDP to 5.4%

Morgan Stanley raises its forecast for India's FY13 GDP to 5.4%Investment bank Morgan Stanley on Monday hiked its forecast for India's FY13 gross domestic product (GDP) growth from 5.1 per cent to 5.4 per cent, citing better-than-expected GDP growth for the July to September quarter and the stabilization in non-agriculture growth.

Recently released provisional GDP data showed that India's GDP grew at a rate of 5.3 per cent in the July-September period year-on-year.

FIIs hike stake in top Indian companies to a six-year high of 21.6% in September

FIIs hike stake in top Indian companies to a six-year high of 21.6% in SeptemberForeign institutional investors (FIIs) made a significant hike in their stake in top Indian companies to take it to a six-year high as of September 2012.

In its most recent report, released on Tuesday, Morgan Stanley said that FIIs hiked their stake in 75 top Indian companies by 1.4 per cent to a six-year high of 21.6 per cent as of September this year.

At the end of April-June 2012, FIIs stake in Indian companies was recorded at 19.3 per cent.

Morgan Stanley acquires 45 lakh shares of SKS Microfinance for over Rs 54 cr

Morgan Stanley acquires 45 lakh shares of SKS Microfinance for over Rs 54 crStock in Hyderabad-based SKS Microfinance jumped 2.12 per cent to close at Rs 125 a share on the Bombay Stock Exchange (BSE) on Wednesday, after foreign fund house Morgan Stanley Asia (Singapore) Pte bought 45 lakh shares in the Indian company for Rs 54.45 crore.

Following the announcement of share sale, the stock touched an intraday high and low of Rs 128.00 and Rs 120.05 a share respectively.

Morgan Stanley upgrades Indian stocks

Morgan Stanley upgrades Indian stocksGlobal brokerage house Morgan Stanley has announced that it upgrading Indian stocks to 'equalweight', bringing some relief to the national economy after months of serious concerns expressed by the foreign investors over changing regulatory framework in India.

Morgan Stanley upgrades Indian equities

Morgan Stanley upgrades Indian equitiesIn its latest report, Morgan Stanley has upgraded Indian equities to 'equal-weight', a move that will bring some relief to the government facing a slew of downgrades from international agencies.

The latest report titled, 'Asia/GEMs strategy' showed that the India equities now carry the rating of 'equal-weight' after being rated underweight since early 2011. The global investment bank said that the equities in the country are now trading at a price-to-book multiple of 2.1x, which is close to the trough valuations of 2.0x in the 2002 and 2008.

Morgan Stanley revises growth forecast for Asia

Morgan Stanley revises growth forecast for Asia Morgan Stanley has revised its economic growth forecast for Asia due toe continued uncertainty in the Eurozone and weaker domestic demand.  The bank downgraded its growth forecast for Asia excluding Japan to 6.9 percent from 7.3 percent for 2012. The US bank said in a report has revised its forecast for the second time in three months.

Morgan announces plans to develop two e-car concepts

Morgan announces plans to develop two e-car conceptsCar maker, Morgan has announced its plans to develop two prototypes of electric vehicles in association with several UK firms.

The Morgan +E project will focus on the firm’s Aero Supersport aluminum chassis. The new models will use Zytek’s high power-density electric motor, instead of the 4.8-litre BMW V8 engine that features on the earlier model.

Morgan Stanley’s India Head Narayan Ramachandran Steps Down

Morgan Stanley’s India Head Narayan Ramachandran Steps DownThe chief executive and head of the Indian operations of Morgan Stanley, will quit from his post by the coming month, the firm has announced.

However, Narayan Ramachandran will continue as a senior adviser to assist the bank's growth in the country, particularly its rising wealth management business.

In a report, the US investment bank said that Ramachandran is stepping back from a full-time position as he plans to concentrate on aiding the nation's poor.

Morgan Stanley posts third quarterly loss; rival Goldman Sachs moves way ahead!

Morgan StanleyWeighed down with red ink from the repayment of federal bailout funds and the accounting ramifications of improvement in its debt prices, Morgan Stanley post its third quarterly loss in a row on Wednesday. The $159 million loss figures, essentially resulting from the venerable bank's continuing businesses in the second quarter, were more than the analysts had expected.

Morgan Stanley gets PD license from RBI

Morgan Stanley gets PD license from RBI Morgan Stanley, Global financial services provider headquartered in New York, declared on Saturday that the RBI has approved its primary dealership (PD) license.

According to the company, this will be an important measure in further building out the company’s fixed income sales and trading platform and capabilities in India.

The license issued will permit Morgan Stanley to take part in the auctions of Government of India (GoI) bonds and also to create markets and trade in Indian Government bonds and other Government liquidity tools.




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