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☆ Morgan Stanley’s Profit Falls, Hurt by Lower Trading Revenue
▼ + stars: | 2023-07-18 | by ( Annamaria Andriotis | Ben Eisen | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, morgan

☆ Major components of inflation failing to decelerate quickly, says Morgan Stanley's Michael Kushma
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor components of inflation failing to decelerate quickly, says Morgan Stanley's Michael KushmaKayne Anderson Rudnick’s Julie Biel, Morgan Stanley’s Michael Kushma and The Wall Street Journal's Greg Ip join 'Power Lunch' to discuss the Fed's upcoming rate decision, the case for the Fed to raise rates again, and uneven momentum in the market.

Persons: decelerate, Morgan Stanley's Michael Kushma Kayne Anderson, Julie Biel, Morgan Stanley’s Michael Kushma, Greg Ip Organizations: Fed

☆ Watch CNBC’s Fed panel reaction to the unanimous rate hike pause decision
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s Fed panel reaction to the unanimous rate hike pause decisionCNBC’s Bob Pisani, Rick Santelli, Steve Liesman and Kayne Anderson’s Julie Biel, Morgan Stanley’s Michael Kushman and WSJ’s Greg Ip, join 'Power Lunch' to discuss the Fed decision to pause.

Persons: Bob Pisani, Rick Santelli, Steve Liesman, Kayne, Julie Biel, Morgan Stanley’s Michael Kushman, Greg Ip Organizations: Watch

☆ Wall Street faces life in China’s second tier
▼ + stars: | 2023-06-01 | by ( Antony Currie | ) www.reuters.com time to read: +8 min

Recent earnings reports from U.S. investment banks defy the sober mood among China-focused financiers. Morgan Stanley’s (MS.N) Asia revenue in the first three months of the year was almost 40% above the final quarter of 2022. Companies going public in Hong Kong have raised $2 billion so far this year, per Dealogic. At some point Hong Kong IPOs and cross-border M&A are likely to perk up. Many of those trades flow through the Hong Kong bourse’s Stock Connect links to the Shanghai and Shenzhen exchanges.

Persons: Jamie Dimon, outlast, It’s, Morgan Stanley’s, Sharon Yeshaya, Goldman Sachs’s, that’s, Stephanie Hui, Goldman Sachs, ”, Morgan Stanley, Goldman, That’s, Breakingviews, Hong Kong, Peter Thal Larsen, Katrina Hamlin Organizations: MELBOURNE, Reuters, JPMorgan, Communist Party, Companies, HK, KKR, Reuters Graphics, Tuesday, Bank of America, Wall, China Securities, Financial Times, Apple, Hong Kong bourse’s, Goldman, JPMorgan –, Bloomberg, Thomson Locations: China, Shanghai, U.S, Asia, Hong Kong, Macau, Taiwan, Beijing, Washington, United States, People’s Republic, Germany, Hong, Shenzhen, Greater China, Pacific

☆ Morgan Stanley’s James Gorman to Step Down as CEO
▼ + stars: | 2023-05-19 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

☆ James Gorman, Morgan Stanley’s Long-Serving C.E.O., to Step Down Within a Year
▼ + stars: | 2023-05-19 | by ( Rob Copeland | ) www.nytimes.com time to read: +2 min

Mr. Gorman took over the bank in 2010, after Morgan Stanley nearly crumbled during the preceding financial crisis. Morgan Stanley has since hired some of that fallen bank’s advisers, bolstering its already enviable wealth management business, previously called Morgan Stanley Smith Barney. Mr. Gorman, 64, will likely depart at the same age as did his predecessor, John Mack, who left at 65. Neither Mr. Gorman nor Morgan Stanley gave an exact date for his departure from the chief executive role. The Morgan Stanley chief, referencing the drama around the show’s departed patriarch, said he had “no plans to go out like Logan Roy.”

☆ JPMorgan could be the banking sector’s biggest hero — or biggest risk
▼ + stars: | 2023-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

And as the bank swells in size, so does the potential risk it poses to the nation’s financial system. Some experts say they’re concerned that JPMorgan’s continued intervention during times of crisis has broader implications for the banking sector, the US financial system and its regulation. And with every failed bank that JPMorgan snaps up, the conundrum becomes clearer: JPMorgan is essentially the biggest risk to the financial system — and every time it expands to uphold the sector’s stability, so does its risk to the financial system. It has “that ability once again, to signal to the world that JPMorgan is a fortress, JPMorgan is the ultimate. But recent failures and the missteps that led to them indicate that deep flaws underline the financial system.

☆ Slowing growth will crash European stock party
▼ + stars: | 2023-05-02 | by ( Francesco Guerrera | ) www.reuters.com time to read: +6 min

LONDON, May 2 (Reuters Breakingviews) - European shares have been on the rise for seven months, outshining their U.S. counterparts, and are now just 6% below their record high. Luck played a part in the recent European surge. Natural gas prices have fallen more than 80% since their August peak, boosting economic growth and reducing companies’ costs. Analysts currently expect a 0.4% fall in European companies’ earnings per share (EPS) in 2023, according to Barclays. European investors have had an unusually enjoyable, and profitable, ride.

☆ Forget the pension protests. France’s economy has momentum
▼ + stars: | 2023-04-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

France’s economy grew 0.2% in the first quarter of this year, its national statistics agency said Friday, after stagnating in the previous quarter. Yet the long-running protests are unlikely to leave a lasting dent in France’s economy, according to Charlotte de Montpellier, a senior economist at Dutch bank ING. But its $2.8 trillion economy has held up comparatively well. Office buildings illuminated in the La Defense business district of Paris, France, on Monday, Feb. 6, 2023. ‘Momentum’ building for banksBritain’s exit from the European Union has also been a boon for France’s financial sector.

☆ Wall Street aces its real-life stress test
▼ + stars: | 2023-04-20 | by ( John Foley | ) www.reuters.com time to read: +7 min

One flaw in this plan is that the Federal Reserve, which designs the stress test, has tended to assume that when bad times come, interest rates would fall, not rise. Because their clients also fear sudden shifts in interest rates, they call on fixed-income securities desks to help offlay the risk. One clear outcome of higher interest rates is that banks are lending less, and more carefully. Reuters Graphics Reuters GraphicsFollow @johnsfoley on TwitterCONTEXT NEWSLarge U.S. banks reported their first-quarter earnings between April 14 and April 19. Both said that trading revenue had declined from first quarter 2022, but it was substantially higher than the last three months of the year.

☆ Bank chiefs move fluttering interest-rate needle
▼ + stars: | 2023-04-19 | by ( John Foley | ) www.reuters.com time to read: +3 min

NEW YORK, April 19 (Reuters Breakingviews) - Bank bosses are adding some dramatic tension to the U.S. monetary policy saga. It’s a possibility rather than a prediction, but when Wall Street’s highest and mightiest opine, it pays to listen. At the same time, the bank chiefs may be talking their books. He added that interest rates of “high 5% or 6%” would be “not shocking.”JPMorgan on April 15 reported $12.3 billion of quarterly earnings, a 56% increase from a year earlier, driven by rising interest rates. Dimon has previously warned that rates could hit 6%, and said in April 2022 that the bank was prepared for “drastically” tighter monetary policy.

☆ As EV costs tumble in China, an export wave builds
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +4 min

[1/5] People use their phones in front of the BYD Seagull that is displayed at the Auto Shanghai show, in Shanghai, China April 19, 2023. Patrick Koller, chief executive of French auto supplier Faurecia (EPED.PA), said the entry-level EV market in Europe was an open lane for Chinese automakers. Koller said he had met with the CEO or chairman of more than two dozen Chinese automakers in Shanghai. Renault’s (RENA.PA) Dacia ships the Spring EV, an entry-level hatchback like the BYD Seagull, to Europe and ranked as the second-largest EV exporter from China last year after Tesla. BYD has not announced export plans for the Seagull, which is priced below what is now the best selling EV in China, the BYD Dolphin, which is priced from 116,800 yuan ($17,000) in China.

☆ Watch CNBC's full interview with Morgan Stanley’s Lisa Shalett on inflation and interest rates
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley’s Lisa Shalett on inflation and interest ratesLisa Shalett, Morgan Stanley Wealth Management CIO, joins ‘Squawk on the Street’ to discuss her thoughts on the market, how inflation impacts companies, and more.

☆ Economy not going back to 2% inflation anytime soon without paying, says Morgan Stanley’s Lisa Shalett
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy not going back to 2% inflation anytime soon without paying, says Morgan Stanley’s Lisa ShalettLisa Shalett, Morgan Stanley Wealth Management CIO, joins ‘Squawk on the Street’ to discuss her thoughts on the market, how inflation impacts companies, and more.

☆ Disney boss Bob Iger talks about the future of Marvel, ‘Star Wars,’ ESPN, and Hulu
▼ + stars: | 2023-03-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Bob Iger’s vision for Disney is coming into greater focus. The CEO touched on a broad range of subjects, including Disney+, Marvel, “Star Wars,” and Hulu, among others. “We’re going to turn back to the Avengers franchise, but with a whole set of different Avengers,” Iger said. ► Imperative to be “very careful” with “Star Wars”: Iger said that the company is also being “very careful” in its approach to the “Star Wars” franchise. “In our zeal to grow profits, we may have been a little bit too aggressive about some of our pricing,” Iger said.

☆ Fox CEO Lachlan Murdoch dismisses $1.6 billion defamation case revelations as ‘noise’
▼ + stars: | 2023-03-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Fox Corporation CEO Lachlan Murdoch on Thursday dismissed the revelations from Dominion Voting Systems’ $1.6 billion defamation lawsuit against Fox News as “noise,” throwing his support behind the right-wing talk channel in his first comments since the case enveloped the company in major scandal. Among the thousands of pages of documents released in the case include repeated statements from Fox Corporation chairman Rupert Murdoch rejecting conspiracy theories about Dominion. However, Dominion said its position is that “confidential treatment of these materials is not warranted” based on case law standards. Filings in the case reviewed by CNN have included numerous redactions passages, including when Fox executives and personalities are quoted. The significant redactions have raised eyebrows about what Fox News is trying to prevent from being made public.

☆ 'We are a long way from the top': Morgan Stanley’s Slimmon picks stocks to ride the rally
▼ + stars: | 2023-02-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon says that stocks are set to rally further. The economy is proving to be "far more resilient" than what the doomsayers had projected, says managing director and senior portfolio manager Slimmon. Stocks went through a difficult year in 2022, with the S & P 500 plummeting nearly 20%. Slimmon predicted that the U.S. Federal Reserve will raise rates a few more times, before pausing. Stock picks Although growth stocks such as tech have bounced back this year, Slimmon says the "real opportunity" is in cyclical stocks.

☆ Morgan Stanley’s Lisa Shalett explains what investors should do right now
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley’s Lisa Shalett explains what investors should do right nowLisa Shalett, Morgan Stanley Wealth Management CIO, joins 'Squawk on the Street' to discuss her thoughts on the job market, which sectors you should invest in, and more.

☆ Watch CNBC’s full interview with Nuveen’s Saira Malik and Morgan Stanley’s Seth Carpenter
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Nuveen’s Saira Malik and Morgan Stanley’s Seth CarpenterCNBC's Steve Liesman, Nuveen’s Saira Malik and Morgan Stanley’s Seth Carpenter join 'The Exchange' to react to Fed Chair Powell's remarks at The Washington Economic Club.

☆ Goldman’s Marcus is a lesson in self-made failure
▼ + stars: | 2023-02-02 | by ( John Foley | ) www.reuters.com time to read: +7 min

Being a consumer bank was a good idea when Goldman’s leaders cooked it up eight years ago. Fast forward to 2023, and consumer banking is still highly lucrative. The practice of working through the night is common in the investment banking division Solomon once headed but rare in consumer banking. For example, Goldman’s engineers had to fight to host consumer banking systems on the cloud rather than on the bank’s own servers. That year, nobody from the consumer bank was promoted to the firm’s prestigious partner level.

☆ Goldman cuts Solomon, and his pay, down to size
▼ + stars: | 2023-01-27 | by ( John Foley | ) www.reuters.com time to read: +2 min

Or at least that is the apparent message Goldman Sachs (GS.N) is trying to send by slashing boss David Solomon’s pay by a third for 2022, to $25 million. Measured by Goldman’s performance last year, Solomon actually did fairly well. Goldman also grew its book value – accounting-speak for shareholders’ claim on the lender – by a respectable 6%. It would have been hard to reward Solomon at a time when employees are feeling the chill, and hot on the heels of 3,200 layoffs. Solomon’s humble pie may taste good to his Goldman colleagues, but it could present a different flavor profile to shareholders.

☆ Goldman Sachs cuts Solomon, and his pay, down to size
▼ + stars: | 2023-01-27 | by ( John Foley | ) www.reuters.com time to read: +2 min

Or at least that is the apparent message Goldman Sachs (GS.N) is trying to send by slashing boss David Solomon’s pay by a third for 2022, to $25 million. Measured by Goldman’s performance last year, Solomon actually did fairly well. Goldman also grew its book value – accounting-speak for shareholders’ claim on the lender – by a respectable 6%. Solomon’s humble pie may taste good to his Goldman colleagues, but it could present a different flavor profile to shareholders. loadingCONTEXT NEWSGoldman Sachs said its board had awarded Chief Executive David Solomon compensation of $25 million for his work in 2022, compared with $35 million the previous year.

NEW YORK, Jan 26 (Reuters Breakingviews) - Morgan Stanley (MS.N) is embracing the Pottery Barn rule: You break it, you pay for it. The original breach was one revelation in what makes Wall Street tick; Morgan Stanley’s response, or the idea that it’s an outlier, is another. What’s good for the pottery store sounds good for Wall Street too. Morgan Stanley was one of 11 banks fined by the U.S. Securities & Exchange Commission and the Commodity Futures Trading Commission in September 2022. At the time, the SEC noted that Morgan Stanley had financially penalized and terminated some staff for violating its policies.

☆ Morgan Stanley CEO James Gorman Gets $31.5 Million for 2022
▼ + stars: | 2023-01-21 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

Morgan Stanley paid Chief Executive James Gorman $31.5 million for his work in 2022, a 10% pay cut from the year before. Morgan Stanley’s board of directors said Friday it awarded Mr. Gorman a salary of $1.5 million and a cash bonus of $7.5 million for his work last year. The bulk of his pay is in stock awards tied to how well the bank performs over the next few years.

☆ Morgan Stanley’s Slimmon says stocks will surprise Wall Street in 2023 — and names two he likes
▼ + stars: | 2023-01-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Wall Street strategists expect this year to end on a much better note than 2022 — but they still warn that the path ahead looks volatile. However, Morgan Stanley's Andrew Slimmon said he believes stocks are going to do "far better" than most expect. Slimmon also likes Pool Corp , a Louisiana-based company that sells swimming pool supplies. Fed pivot in the works His relatively positive read on the economy is a big reason for his optimism about the market. But Slimmon said he believes the bond market is signaling that the U.S. Federal Reserve will pivot "sooner than it expects."

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