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Source: search.live.com --- 29 days ago
NEW YORK (AP) _ Morgan Stanley said Tuesday that its core businesses continue to generate solid profits, as the No. 2 investment bank hurried to convince investors that it is withstanding the financial turmoil that has dramatically changed the face of Wall Street over the past few days. Although its ... ... Source: finance.yahoo.com --- 28 days ago
... Source: www.iht.com --- 29 days ago
Morgan Stanley says its core businesses continue to generate solid profits, as the No. 2 U.S. investment bank attempts to show that it is withstanding the financial turmoil that has dramatically changed the face of Wall Street over the past few days. ... Source: dealbook.blogs.nytimes.com --- 29 days ago
Morgan Stanley said on Tuesday that its third-quarter earnings fell nearly 3 percent, trouncing expectations as the year-old credit crisis slowed deal activity to a crawl and created one the toughest trading environments in decades. The bank reported that income from continuing operations fell to $1.43 billion, or $1.32 a share, for the quarter ended Aug. [...] ... Source: www.reuters.com --- 29 days ago
NEW YORK (Reuters) - Morgan Stanley said on Tuesday its third-quarter earnings fell nearly 3 percent, trouncing expectations, even as the year-old credit crunch slowed deal activity to a crawl and created one the toughest trading environments in decades. ... Source: www.marketwatch.com --- 29 days ago
BOSTON (MarketWatch) -- Morgan Stanley after Tuesday's closing bell announced its quarterly results ahead of schedule in a move designed to soothe investors after the shares fell more than 10% during the session. ... Source: www.usatoday.com --- 29 days ago
Morgan Stanley said Tuesday that its core businesses continue to generate solid profits, as the No. 2 investment bank hurried ... ... Source: latimesblogs.latimes.com --- 29 days ago
From Times staff writer Walter Hamilton: After its stock took a severe beating today, Morgan Stanley decided to rush out its fiscal third-quarter earnings report, which had been due for release on Wednesday. The results, which were down much less than analysts had expected, initially had the desired effect: Morgan’s shares rose as high as $31.72 in after-hours trading. But the price has since slipped back to $28.35. The shares had plunged $3.49, or 10.8%, to $28.70 in regular trading, and fell as low as $23.21 early in the session -- raising fears that Wall Street bears had marked Morgan as the next big brokerage casualty, just days after Lehman Bros Holdings Inc.’s demise. Morgan said it earned $1.43 billion, or $1.32 a share, in the quarter ended Aug. 31. That was down about 7% from $1.54 billion, or $1.44 a share, a year earlier. Analysts had expected Morgan to earn just 78 cents a share in the quarter. The company is holding a conference call with analysts at the moment. The question is whether the results are good enough to keep short sellers and other bears at bay, as they hunt for the next likely victims of the credit crunch and real estate crash. Earlier today Goldman Sachs Group Inc. reported a 70% drop in fiscal third-quarter Profit, to $845 million, or $1.81, from $2.85 billion, or $6.13 a share. Goldman’s shares dived as low as $116.13 at the start of trading, from $135.50 on Monday, but then recovered most of the los ... Source: www.chron.com --- 29 days ago
NEW YORK — Goldman Sachs and Morgan Stanley, with three of their rivals vanquished this year, on Tuesday vowed to remain independent as Wall Street faces its biggest shake out since the Great Depression. ... Source: www.reportonbusiness.com --- 29 days ago
Second-largest U.S. investment bank misses expectations but posts Profit of $1.43-billion in third quarter ... Source: www.chron.com --- 29 days ago
Morgan Stanley says its core businesses continue to generate solid profits, as the No. 2 investment attempts to show that it is withstanding the financial turmoil that has dramatically changed the face of Wall Street over the past few days. ... Source: www.baltimoresun.com --- 28 days ago
Morgan Stanley says its core businesses continue to generate solid profits, as the No. 2 investment bank attempts to show that it is withstanding the financial turmoil that has substantially changed the face of Wall Street over the past few days. Although Profit slipped 7 percent in the third quarter, the result surpassed Wall Street's expectations. Morgan Stanley reported strong performance in its core prime brokerage, commodities and equities businesses. The New York-based investment bank earned $1.43 billion, or $1.32 per share, compared with $1.54 billion, or $1.44 per share in the year-ago period. Thomson Reuters said analysts expected earnings of 78 cents per share. Revenue rose modestly to $8.05 billion from $7.96 billion. Morgan Stanley and Goldman Sachs are the two remaining major independent investment banks after Lehman Brothers Holdings Inc. filed for bankruptcy, while Merrill Lynch & Co. was sold to Bank of America Corp. for $50 billion. ... Source: www.myrtlebeachonline.com --- 29 days ago
Morgan Stanley said Tuesday that its core businesses continue to generate solid profits, as the No. 2 investment bank hurried to convince investors that it is withstanding the financial turmoil that has dramatically changed the face of Wall Street over the past few days. Although its fiscal third-quarter Profit slipped 7 percent, the result surpassed Wall Street's expectations. Morgan Stanley reported strong performance in its core prime brokerage, commodities and equities businesses. The New York-based investment bank - which reported results a day earlier than scheduled - earned $1.43 billion, or $1.32 per share, compared with $1.54 billion, or $1.44 per share in the year-ago period. Thomson Reuters said analysts expected earnings of 78 cents per share. ... Source: www.financial-bookmarks.com --- 29 days ago
NEW YORK - Morgan Stanley said Tuesday that its core businesses continue to generate solid profits, as the investment bank hurried to convince 1 Vote(s) ... Source: uk.reuters.com --- 29 days ago
NEW YORK (Reuters) - The two largest remaining U.S. investment banks, Goldman Sachs and Morgan Stanley , beat quarterly Profit expectations on Tuesday, even as the worst market slump in decades rattled Wall Street. ... Source: online.wsj.com --- 29 days ago
Morgan Stanley's Profit fell a smaller-than-expected 7.7% as concerns about its future sent shares plunging. Goldman's net tumbled 70%. ...
Source: tvnz.co.nz --- 29 days ago
The two largest remaining US investment banks, Goldman Sachs Group and Morgan Stanley, have beaten quarterly Profit expectations ...
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AP - Goldman Sachs and Morgan Stanley, with three of their rivals vanquished this year, on Tuesday vowed to remain independent as Wall Street faces its biggest shake out since the Great Depression. ...
Strong financials hide broader weakness. Equities closed down slightly Tuesday after a volatile session during which Dow futures spanned more than 800 points. Nasdaq fell 3.54% to 1,779. Dow -0.82% to 9,314. S&P -0.54% to 998. The Treasury's plan to buy stakes in nine of the largest U.S. banks (see below) bolstered financials, and masked some of the weakness in other sectors - which explains the Nasdaq discrepancy. The Financial Select Sector SPDR (XLF) rose 6.5%. Meanwhile PepsiCo (PEP) lost 12% after it lowered its Profit forecast, sending Coca-Cola (KO) down 7.5%. Microsoft (MSFT) dropped 5.5% on concerns over weaker PC sales. Banks welcome deep-pocketed investor. The government unveiled a plan to buy $250B (which will come from its $700B rescue cache) of preferred stock in banks, including $125B in... Bank of America (BAC) ($25B), JPMorgan (JPM) ($25B), Citigroup (C) ($25B), Wells Fargo (WFC) ($25B), Goldman Sachs (GS) ($10B), Morgan Stanley (MS) ($10B), Bank of New York Mellon (BK) ($3B) and State Street (STT) ($2B). The other $125B will be made available to small-to-medium size banks. The shares pay a 5% dividend for the first five years, and 9% after that. Participating firms can't raise dividends for three years and must ask for permission to buy back their own stock. Some saw the deal as skewed in favor of the recipients, giving taxpayers the short end of the stick. FDIC backs up banks. Details of the FDIC's new liquidity gua ...
Filed under: Before the bell , International markets , Earnings reports , Analyst reports , Analyst upgrades and downgrades , Deals , Microsoft (MSFT) , Apple Inc (AAPL) , General Electric (GE) , Ford Motor (F) , General Motors (GM) , Market matters , Citigroup Inc. (C) , Research in Motion (RIMM) , Morgan Stanley (MS) , Amer Intl Group (AIG) , Wachovia Corp (WB) , Economic data , Wells Fargo (WFC) , Financial Crisis U.S. stock futures were significantly lower Friday morning, a day after the Dow industrials had already plunged 678 points. The Dow dropped 21% in the past 10 days. U.S. stock markets are looking to join the plunge in global markets as Japan's Nikkei 225 fell 9.6%, Hong Kong Hang Seng dropped 7%, London's FTSE 100 declined 5.5% and the German DAX 30 was down 8% to name but a few that have managed to remain open. Some global markets actually had to close today, prompting the name "Black Friday." Wednesday's coordinated rate cut didn't seem to loosen frozen credit markets as investors seem to completely lose confidence in the world's financial system. Finance officials from the G7 are meeting in Washington Friday to address the financial meltdown. On the economic front, August trade data and September import prices will be released. Oil prices plummeted to a one-year low of $82 a barrel. General Electric (NYSE: GE ) -- meanwhile this morning, GE reported results that met the lowered expectations . GE's Profit fell 22% ...