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☆ There's a lot of incremental uncertainty over the high cost of A.I. tools, says Morgan Stanley's Brian Nowak
▼ + stars: | 2023-02-09 | 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 EmailThere's a lot of incremental uncertainty over the high cost of A.I. tools, says Morgan Stanley's Brian NowakBrian Nowak of Morgan Stanley joins 'TechCheck' to discuss Alphabet and what is next for Google's AI plan.

☆ NBA roundup: Magic rally to end Sixers' win streak
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

James Harden amassed 17 points, eight rebounds and six assists, and Tobias Harris also had 17 points. Josh Giddey added 21 points for Oklahoma City, which has alternated wins and losses over the past six games. Patty Mills also finished with 21 points as he and Thomas combined to shoot 15 of 25 and hit eight 3-pointers. Bradley Beal added 21 points for the Wizards, with Kristaps Porzingis hitting for 17 and Kyle Kuzma scoring 16. Jeremy Sochan had 17 points, Zach Collins had 16 points and 11 rebounds and Stanley Johnson added 10 points.

☆ Morgan Stanley just promoted 184 employees to managing director, its highest rank
▼ + stars: | 2023-01-12 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

Morgan Stanley just promoted 184 employees to managing director, the highest rank at the firm. It may be a dark week in some corners of Wall Street, but 184 employees of Morgan Stanley just got the announcement of a lifetime: promotion to managing director. MD is the most senior designation at the Morgan Stanley below the C-suite and one of the most prestigious titles on Wall Street. A record 38% of the 184 new MDs are women — up from 33% last year — nudging the overall percentage of women MDs to 24%, the person said. Morgan Stanley started communicating year-end comp to employees on Thursday and is set to report earnings on Tuesday the 17th.

☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ Morgan Stanley just revamped a 9-stock list that's beaten the S&P 500 by 18% over time. Here's what's on it — and how much further each one has to run.
▼ + stars: | 2023-01-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

Attention has shifted from interest rates and inflation to earnings growth and a looming recession. The Federal Reserve's moment of glory as the center of attention for market may have already passed. In 2008, the central bank was slashing interest rates rather than raising them. Morgan Stanley has revamped its fresh-money buy list, which contains nine names it sees outperforming next year. Over time, the firm's ever-changing group of elite stocks has outperformed the becnhmark S&P 500 by 18%.

Investment banking revenue more than halved to $1.3 billion, with declines across the bank's advisory, equity and fixed income segments. Morgan Stanley's net revenue in the quarter fell 12% to $13 billion. The bank reported a profit of $2.49 billion, or $1.47 per share, for the quarter ended Sept. 30, compared with $3.58 billion, or $1.98 per share, a year earlier. Analysts on average had expected a profit of $1.49 per share and revenues of $13.3 billion, according to Refinitiv IBES data. Morgan Stanley's wealth management business, which tends to generate steady income, was a surprise bright spot, posting a 3% rise in revenue, helped by a 49% jump in net interest income amid rising Federal fund rates.

☆ Analysis: An elite Wall Street bank gets a $35 million lesson: Just call tech support
▼ + stars: | 2022-09-20 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +5 min

Here's the deal: Morgan Stanley just got slapped with a $35 million fine for "astonishing" failures that led to the mishandling of sensitive data on some 15 million customers, my colleague Matt Egan writes. Eventually, the devices, still loaded up with sensitive data, wound up on an auction site. "If not properly safeguarded, this sensitive information can end up in the wrong hands and have disastrous consequences for investors." Morgan Stanley agreed to pay the fine without admitting or denying the findings in the settlement. "We have previously notified applicable clients regarding these matters, which occurred several years ago, and have not detected any unauthorized access to, or misuse of, personal client information," Morgan Stanley said in a statement.

We want firms that are profitable, that have real earnings right now. This is related to the idea of avoiding expensive stocks, which we'll talk about later. A key reason we're looking to avoid expensive stocks is because long-term rates are rising, in addition to the short end of yield curve influenced by Fed action. For example, a stock that trades at 30 times earnings is more expensive than a rival company that trades at 15 times earnings. But for the purposes of this particular story, it's important to understand that expensive stocks are more vulnerable to seeing their multiples contract in this current environment.

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