Latest news with #TedPick
Business Wire
21-05-2025
- Business
- Business Wire
Ted Pick to Speak at the Annual Morgan Stanley U.S. Financials, Payments & Commercial Real Estate Conference
NEW YORK--(BUSINESS WIRE)--Ted Pick, Chairman and Chief Executive Officer of Morgan Stanley, will speak at the Annual Morgan Stanley U.S. Financials, Payments & Commercial Real Estate Conference on June 10, 2025, at 10:30 a.m. (ET). Both live and on-demand versions of the webcast will be available on in the Investor Relations section. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit
Yahoo
01-05-2025
- Business
- Yahoo
Morgan Stanley dials up crypto trading for E*Trade users
Morgan Stanley is reportedly planning to add crypto trading to its E*Trade platform, Bloomberg reported on May 1. Headquartered in New York City, Morgan Stanley is one of the largest banking and financial services institutions in the world. Its foray into crypto would mark another step for a major traditional finance (TradFi) institution to engage with decentralized finance (DeFi). The plan is still in its initial stage, and the service is expected to be launched on Morgan Stanley's E*Trade platform the next year. The firm can join hands with one or more established crypto platforms for the purpose so that its customers can access crypto assets such as Bitcoin and Ethereum for spot trading on the platform. The leadership at Morgan Stanley has been discussing the prospects of expanding into crypto services since late 2024. E*Trade already offered access to crypto exchange-traded funds (ETFs), ETF options, and futures. CEO Ted Pick said in January that Morgan Stanley shall be talking to regulators to examine how it can deepen its involvement in crypto markets. Morgan Stanley's wealthiest clients already have access to crypto exchange-traded funds (ETFs) and futures. Spot trading of crypto assets was the next step, the executives concluded, as per the report. Notably, the Securities and Exchange Commission (SEC) introduced SAB 122 on Jan. 23. It effectively repealed SAB 121, thereby removing previous accounting guidance for obligations to safeguard crypto assets held for users. The SEC has also dropped cases against crypto exchanges such as Kraken and Coinbase of late. On Apr. 24, the Federal Reserve reversed guidelines that earlier prohibited Wall Street from adopting crypto. However, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) retracted their own statements, asking banks to be extra watchful over crypto-related risks. Such developments are indicative of the broader shift toward pro-crypto policy in the U.S. once President Donald Trump assumed office in January 2025. On May 1, the crypto market cap stood above $3.1 trillion. As per Kraken's price feed, Bitcoin was trading at $96,010.26 at press time.
Yahoo
11-04-2025
- Business
- Yahoo
Morgan Stanley Q1 Credit Loss Provision Jumps To $135 Million On 'Weakening Macroeconomic Forecast,' Equity Revenue Jumps 45%
On Friday, Morgan Stanley (NYSE:MS) reported a first-quarter 2025 EPS of $2.60, up from $2.02 a year ago and beating the consensus of $2.21. Net earnings increased to $4.16 billion from $3.14 billion. The U.S. bank reported first-quarter revenue of $17.74 billion, up 17% year over year, beating the consensus of $16.57 billion. Morgan Stanley's provision for credit losses jumped to $135 million, primarily driven by growth in secured lending facilities and in the corporate loan portfolio and the impact of a weakening macroeconomic forecast. Also Read: The firm's expense efficiency ratio was 68% in Q1 of 2025 compared to 71% a year ago. Expenses for the quarter included $144 million of severance costs related to a March employee action across business segments. Morgan Stanley delivered a Return on Tangible Common Equity of 23% during the first quarter and 19.7% a year ago. Institutional Securities reported net revenues of $9.0 billion, reflecting record performance in Equity and strong Investment Banking results on higher fixed-income underwriting. Investment Management results reflect net revenues of $1.6 billion, primarily driven by asset management fees on higher average assets under management (AUM) of $1.7 trillion. The quarter included positive long-term net flows of $5.4 billion. Equity net revenues increased 45% to $4.13 billion. The company said, 'Record Equity net revenues reflect increases across business lines and regions, particularly in Asia, with outperformance in prime brokerage and derivatives driven by strong client activity amid a more volatile trading environment.' Wealth Management reported net revenues of $7.3 billion in the current quarter compared with $6.9 billion a year ago. The business added net new assets of $94 billion, and fee-based asset flows were $30 billion for the quarter. Asset management revenues increased 15% to $4.39 billion on higher asset levels and the cumulative impact of positive fee-based flows. Ted Pick, Chairman and Chief Executive Officer, said, 'The Integrated Firm delivered a very strong quarter with record net revenues of $17.7 billion and EPS of $2.60, and an ROTCE of 23.0%. Institutional Securities strong performance was led by our Markets business with Equity reporting a record $4.1 billion in revenues. Total client assets of $7.7 trillion across Wealth and Investment Management were supported by $94 billion in net new assets. These results demonstrate the consistent execution of our clear strategy to drive durable growth across our global footprint.' Price Action: MS stock is up 1.32% at $107.99 at the last check Friday. Also Read:Photo by Taljat David via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Morgan Stanley Q1 Credit Loss Provision Jumps To $135 Million On 'Weakening Macroeconomic Forecast,' Equity Revenue Jumps 45% originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
22-03-2025
- Business
- Yahoo
Morgan Stanley Stock: Buy, Sell, or Hold?
In recent weeks, we've seen quite a sell-off in the stock market, with the S&P 500 index briefly entering correction territory on March 13. This downturn has some investors heading to the exits, but it also creates intriguing buying opportunities as some stocks are now trading at discounted levels. Morgan Stanley (NYSE: MS) stock, for instance, trades down about 14% over the past month and just under 4% year to date. Those downturns come even though Morgan Stanley management has expressed optimism about a recovery in its core business over the past year. They also come because recent actions by the Trump administration may have implications for financial institutions. Given the mixed signals and price volatility, is now a good time to consider purchasing shares of Morgan Stanley? Are further stock price declines likely in the near- to medium-term? Morgan Stanley is one of the largest investment banks in the U.S. It has traditionally relied on its investment banking segment (which advises companies considering IPOs, undergoing mergers, or making significant acquisitions) to help drive its growth. This segment is somewhat vulnerable to changes in the broader economy. In recent years, the bank has expanded its service offerings into asset and wealth management to help diversify and stabilize its earnings. Investment bankers dealt with a cool period for initial public offerings (IPOs) and mergers & acquisitions (M&As) in 2022 and 2023 as a result of the Federal Reserve aggressively raised its benchmark interest rate to bring elevated inflation back in check. As a result, many companies put off making significant deals and fewer of them initiated public stock offerings. But in 2024, interest rates stabilized somewhat, which helped improve the backdrop for deal-making. That resulted in an earnings boost for investment banks. "We are in the early stages of a multiyear investment banking-led cycle," Morgan Stanley CEO Ted Pick told investors during the Q2 2024 earnings call back in mid-July 2024, adding that the company was enthused about the potential. Some investment banks hoped that the regulatory and macroeconomic environment would favor them under President Donald Trump. However, the outlook has gotten more murky in the wake of recent actions by the new administration. In one of its first tests, the Department of Justice under Trump blocked Hewlett Packard Enterprise's $14 billion deal to acquire Juniper Networks. The administration also said it would continue to use the M&A guidelines established during the Biden administration. Under former Federal Trade Commission (FTC) Commissioner Lina Khan, the FTC and the Department of Justice issued strict guidelines that focused on antitrust and the importance of competition and choice for consumers. Over the past several years, some major deals have been called off after facing regulatory scrutiny, including the attempted mergers of JetBlue and Spirit Airlines, Kroger and Albertsons, and Capri and Tapestry. In addition, there are fears about the economic outlook amid uncertainty around Trump's tariffs and the possibility that stubborn inflation may head higher. Analysts at Morgan Stanley reduced their stock price targets for several banks, including Goldman Sachs, Jefferies Financial Group, and Bank of America. The analysts noted that the "robust capital markets rebound we expected in 2025 is not playing out as anticipated." Investment banks are experiencing turbulence, and seeing fewer deals in the first quarter than anticipated. The unpredictability surrounding trade policies and their impact on the economy has added another layer of complexity to the picture. As a result, investment banks like Morgan Stanley could face a more challenging year than expected. That said, Morgan Stanley has done a good job of diversifying into other activities like asset and wealth management. Last year, its income from these businesses was $6.75 billion, compared to $6.66 billion from investment banking and trading. For those looking to build a long-term position, the stock is definitely trading at a discount. However, I'd be inclined to hold off until we see more momentum on M&A and IPOs, where activity remains subdued. That doesn't mean you should rush to sell shares if you already own them. Morgan Stanley is priced at 14.9 times its earnings, a reasonable valuation slightly above its 10-year average. While the near-term outlook could present some challenges to the company, I believe Morgan Stanley remains a hold for long-term investors. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $304,759!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,808!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $517,445!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 18, 2025 Bank of America is an advertising partner of Motley Fool Money. Courtney Carlsen has positions in Morgan Stanley. The Motley Fool has positions in and recommends Bank of America, Goldman Sachs Group, and Jefferies Financial Group. The Motley Fool recommends Kroger and Tapestry. The Motley Fool has a disclosure policy. Morgan Stanley Stock: Buy, Sell, or Hold? was originally published by The Motley Fool Sign in to access your portfolio
Reuters
03-03-2025
- Business
- Reuters
A Chinese Morgan Stanley is worth an M&A shot
HONG KONG, March 3 (Reuters Breakingviews) - If imitation is truly the sincerest form of flattery, one of Wall Street's biggest firms may soon be blushing. Beijing is planning to merge China International Capital Corp ( opens new tab with broker China Galaxy Securities ( opens new tab, Reuters reported last week, citing sources. The two denied it, but the tie-up - the latest attempt to consolidate the overcrowded industry - would have more logic than previous state-led deals. It would also mean CICC following the path of its co-founder, Morgan Stanley (MS.N), opens new tab. The U.S. bank, now run by Ted Pick, created CICC in 1995 as a joint venture with China Construction Bank ( opens new tab. That was two years before the U.S. financial institution agreed to join forces with brokerage Dean Witter, Discover. The earnings diversification and access to a broader pool of investing clients - enhanced over the years by acquiring Citi's (C.N), opens new tab brokerage business and E*Trade - is one reason why Morgan Stanley trades at a premium to arch-rival Goldman Sachs (GS.N), opens new tab. A CICC-China Galaxy combo would create China's third-largest brokerage with $190 billion in assets and could expect to emulate some of those business benefits. That makes it a different proposition to last year's merger of Guotai Junan Securities ( opens new tab and Haitong Securities ( opens new tab, which was commonly understood, opens new tab to effectively be a state-mandated bailout. Not that CICC is sitting pretty. In recent years, regulators throttled the flow of listings in China's onshore markets as well as in Hong Kong, kneecapping the firm's bread-and-butter business. Its earnings are likely to have fallen 13% last year, analysts polled by LSEG reckon; China Galaxy's are forecast to rise 28%. The diverging fortunes have flipped the script on how a deal might work. Citi analysts were already touting the tie-up a year ago, favouring CICC to be in charge courtesy of its bigger market capitalisation. That has since fallen to 129 billion yuan ($17.7 billion), putting 147 billion yuan China Galaxy into the driver's seat, they point out - just as Dean Witter was 28 years ago. A deal would ostensibly be part of China's stated goal to produce two to three globally competitive investment banks and 10 leading institutions in the securities sector by 2035. CICC's pedigree suggests its successor entity would be expected to perform on the world stage against the likes of Goldman and Morgan Stanley. Of course, a single deal will not immediately produce such a champion, especially when Beijing's ambitions lack detail. Independent of that, the standalone benefits of creating a Chinese version of Morgan Stanley makes it worth a shot. Follow @KangHexin on X CONTEXT NEWS State-run investment bank CICC - or China International Capital Corp - is set to merge with broker China Galaxy Securities to create the country's third-largest brokerage with combined assets of $193 billion, Reuters reported on February 26, citing sources. Both stocks posted double-digit gains in Hong Kong on the report before partly reversing course the following day, after the companies denied any consolidation plans from their top government shareholder Central Huijin Investment. China's securities regulator announced plans a year ago to develop 10 leading firms and two to three internationally competitive investment banks via mergers, acquisitions and restructuring by 2035. For more insights like these, click here, opens new tab to try Breakingviews for free.
