5:57am ET
Economy
Wall St.’s New Superdelegates (GS)(MS)(JPM)(C)(MER)(AIG)
A decade ago, when there were big problems in the financial markets a very small group of people came in for the fix. E. Gerald Corrigan, a man of massive girth and…
Companies
/Financial Services
Morgan Stanley
$214.86
â–² $0.78 (+0.36%) today
Markets closed · 6:26pm ET
MS Coverage
Page 628:14am ET
Banking, finance, and taxes
Fed Puts Spies At Brokerage Firms (GS)(MS)(BSC)(MER)(LEH)
The Fed does not want to see all the money it has give to brokerages in exchange for lousy paper to go down the toilet so it has stationed its own personnel…
5:01am ET
Technology
Techs Fared Worse Than Financials In Q1: The Plague Of The High PE
With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the…
4:41am ET
Banking, finance, and taxes
UBS (UBS) Presages US Bank Earnings (C)(MER)(MS)
At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise…
9:59am ET
Banking, finance, and taxes
Did Banks Sell Their Auction-Rate Securities To The Fed? (LEH)(UBS)(C)(MER)(MS)
Over the weekend UBS (NYSE: UBS) said that it would be cutting the value of auction-rate securities in it client’s accounts. According to CNN Money "UBS using an internal model to value…
11:39am ET
Banking, finance, and taxes
Will Financial Stocks Make New Lows? (C)(JPM)(LEH)(MER)(WM)(WB)(MS)(WFC)
There has been some misplaced optimism that financial stocks bottomed earlier this month based on the notion that much of the bad news about write-offs had come out. Mid-month, the Fed increased…
4:48am ET
Investing
Clear Channel (CCU) And Moral Relativism
Unlike theology and philosophy, there are no great truths in business, only petit verities. One of these is that breaking contracts to keep from losing money is OK. The banks which were…
Douglas A. McIntyre 6:15am ET
Banking, finance, and taxes
Letter From SEC Chairman Says Bear Stearns (BSC) Could Have Weathered Storm
In what is likely to be a bit of a blockbuster, SEC charman Christopher Cox sent a letter to Swiss regulators indicating the Bear Stearns (NYSE:BSC) did not have to go the…
Douglas A. McIntyre 2:20pm ET
Banking, finance, and taxes
Talk of Writedowns Hit Merrill Lynch and Others (MER, BSC, MS)
This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day. Merrill Lynch & Co. (NYSE: MER) is…
Douglas A. McIntyre 6:45am ET
Investing
Morgan Stanley (MS) Results Poor, But Investors Relieved
Morgan Stanley (MS) followed other Wall St. firms with poor results and the company said the future was doubtul. But, the numbers were good enough to keep the horses in the barn.…
Douglas A. McIntyre 7:37am ET
Banking, finance, and taxes
Goldman Sachs (GS) Earnings May Crush Wall St. Further
Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley (NYSE: MS)…
7:49am ET
Banking, finance, and taxes
Fed Adds Another $100B, Will Take ‘Other’ Mortgages In Rescue Package (GS, C, BAC, MER, MS, WB)
The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the banking system, but the difference here is that this goes above and…
10:05am ET
Banking, finance, and taxes
Citigroup See $9 Billion Write-Downs At Investment Banks
The first quarter should be another brutal right of passage for big investment banks. Citigroup is forecasting that they will have to write-down another $9 billion in Q1. According to Reuters the…
10:02am ET
Banking, finance, and taxes
Banks May Face $325 Billion Margin Call
The Fed may need to get ready to put another $300 billion into the banking system, trading cash for paper that is clearly not worth a hundred cents on the dollar. According…
Douglas A. McIntyre 4:03pm ET
Investing
The 52-Week Low Club (MS)(LEH)(WB)(FNM))(MER)(C)(JPM)
Thornburg Mortgage (NYSE: TMA) Fear of Chapter 11. Falls to $1.26 from 52-wek high of $28.40. CIT Group (NYSE: CIT) Lehman Brothers cuts price target. Drops to $15 from 52-week high of…