Morgan Stanley
Morgan Stanley misses analysts’ profit expectations on worse-than-expected investment banking
James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley posted results on Thursday below analysts’ expectations for second quarter profit and revenue on weaker-than-expected investment banking revenue. Here are the numbers: […]
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Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings
Stock futures slipped Wednesday night as traders look ahead to earnings from major U.S. banks. Dow Jones Industrial Average futures shed 117 points, or 0.38%. S&P 500 and Nasdaq 100 futures were down 0.41% and 0.47%, respectively. Stocks slipped during Wednesday’s session after June inflation data came in hotter than expected, hitting its highest level […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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Jim Cramer says the market could see ‘pleasant surprises’ going forward
CNBC’s Jim Cramer on Monday said that most of the sellers have already left the market, meaning that the turbulence in stocks could ease up. “To me, this mad scramble to get out ahead of the negativity is a sign that the bad news … is mostly baked in,” he said. “Everybody’s scrambling to get […]
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Family offices have become a $6 trillion powerhouse in investing—and deal-making
The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed […]
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Cramer’s lightning round: I have no catalyst to recommend SoFi
Oasis Petroleum Inc: “Everybody hates oil so much, we’ve got to do more work. But I like the idea in principle.” Cloudflare Inc: “I don’t like companies that aren’t making money, but I think [CEO] Matthew Prince should come on the show because they are doing so well.” MP Materials Corp: “It has been a […]
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Taiwan’s Foxconn raises full-year outlook on strong tech demand
The Foxconn logo displayed on a Foxconn building in Taipei on 31 January 2019. Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Sam Yeh | AFP | Getty Images Taiwan’s Foxconn, […]
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Recession playbook: Here are some of Wall street’s top stock picks for a downturn
A growing number on Wall Street are talking up the risk of a recession, with Goldman Sachs , Deutsche Bank and more all pointing to a higher probability of a downturn. “Economic data points indicate a higher probability of recession,” Morgan Stanley analysts said in a June 29 note. “Since the beginning of the year, […]
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Wall Street believes these Nasdaq names will lead a comeback after its worst quarter since 2008
It was a vicious first half and quarter for stocks, but especially for members of the tech-heavy Nasdaq Composite. Rising inflationary concerns spooked investors, who increasingly turned on one-time tech darlings that are more sensitive to rising interest rates. The Nasdaq Composite dropped 29% in the first half, the most of the three major averages. […]
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Morgan Stanley loves these 9 global stocks trading at ‘significant’ lows
Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs. Source
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