All Posts Tagged With: "Morgan Stanley"

(FPO) First Potomac Realty Trust Prices Upsized Offering

First Potomac Realty Trust (FPO) recently priced an equity offering of 6.5 million shares at $14.70 per share as part of its effort to infuse capital and repay debt. The offering was increased from the original number of 6 million...

11Sep2013 | | Comments Off on (FPO) First Potomac Realty Trust Prices Upsized Offering | Continued

(XNPT) XenoPort Candidate Disappoints

XenoPort, Inc. (XNPT) recently reported disappointing results on arbaclofen placarbil (AP) from a pivotal late-stage study (n=228).

Results from the phase III trial showed that AP failed to achieve statistically significant...

7Aug2013 | | Comments Off on (XNPT) XenoPort Candidate Disappoints | Continued

(MTU) Mitsubishi UFJ Financial Group Earnings Disappoint

Mitsubishi UFJ Financial Group Inc. (MTU) reported net income of ¥852.6 billion ($10.3 billion) for the fiscal year ended Mar 31, 2013, down from net income of ¥981.3 billion ($12.5 billion) in the year-ago period.

Results...

7Jul2013 | | Comments Off on (MTU) Mitsubishi UFJ Financial Group Earnings Disappoint | Continued

(JPM) JPMorgan Chase to Face Dexia Lawsuit Again

The U.S. District Judge Jed Rakoff has revoked his earlier order to dismiss a major portion of the lawsuit filed by Brussels based Dexia N.V./S.A against JPMorgan Chase & Co. (JPM). The lawsuit accused JPMorgan of deliberately...

2Jul2013 | | Comments Off on (JPM) JPMorgan Chase to Face Dexia Lawsuit Again | Continued

(MS) Morgan Stanley Lowered to Neutral

On May 9, we downgraded our long-term recommendation on major global bank Morgan Stanley (MS), to Neutral from Outperform. The recommendation was lowered to reflect the persistently high operating expenses that the company continues...

22Jun2013 | | Comments Off on (MS) Morgan Stanley Lowered to Neutral | Continued

(MTU) Mitsubishi UFJ Financial Group Seeks to Acquire Morgan Stanley Trust Business

In order to expand its operations, Japan-based Mitsubishi UFJ Financial Group, Inc.’s (MTU) U.S.-based subsidiary – UnionBanCal Corporation – is seeking to acquire the rights to sell trust-banking services to Morgan Stanley’s...

16May2013 | | Comments Off on (MTU) Mitsubishi UFJ Financial Group Seeks to Acquire Morgan Stanley Trust Business | Continued

(MS) Morgan Stanley Beats on Earnings and Revenues

Morgan Stanley’s (MS) first-quarter 2013 adjusted earnings from continuing operations of 61 cents per share outpaced the Zacks Consensus Estimate by a nickel. However, this compared unfavorably with prior-year quarter earnings of...

21Apr2013 | | Comments Off on (MS) Morgan Stanley Beats on Earnings and Revenues | Continued

(PNC) The PNC Financial Services Group Beats First Quarter Estimates

The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2013 earnings per share of $1.76 significantly exceeded the Zacks Consensus Estimate of $1.57. Moreover, results beat the earnings per share of $1.44 recorded in the prior-year...

18Apr2013 | | Comments Off on (PNC) The PNC Financial Services Group Beats First Quarter Estimates | Continued

(RTN) Raytheon in Restructuring Mode

Raytheon Company (RTN) has decided to reorganize its business through segment realignment, announcement of key executive roles and job cuts. The restructuring would aim to streamline operations, increase productivity and achieve stronger...

28Mar2013 | | Comments Off on (RTN) Raytheon in Restructuring Mode | Continued

(ELN) Elan Corporation to Sell Remaining Alkermes Stake

Elan Corporation plc (ELN) recently decided to sell its remaining 7.8 million ordinary shares in Alkermes plc (ALKS) pursuant to Rule 144 under the US Securities Act...

11Feb2013 | | Comments Off on (ELN) Elan Corporation to Sell Remaining Alkermes Stake | Continued

(JPM) Should Too-Big-to-Fail Banks Be Carved Up?

Richard Fisher has once again sounded a familiar clarion call: “Too big to fail” cannot be a principle the US financial system continues to abide by.

Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation...

1Feb2013 | | Comments Off on (JPM) Should Too-Big-to-Fail Banks Be Carved Up? | Continued

(BIIB) Biogen Idec and Partner Elan Corporation Seek Label Expansion

Biogen Idec Inc. (BIIB) and partner Elan Corporation (ELN) recently submitted applications to the US Food and Drug Administration (FDA) and European Medicines Agency...

23Jan2013 | | Comments Off on (BIIB) Biogen Idec and Partner Elan Corporation Seek Label Expansion | Continued

(JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends

The fourth quarter earnings season hasn’t been that eventful thus far even though we have results from 67 S&P 500 companies already (as of Friday, January 18th). The reason is that expectations for this earnings season were set by the very weak third quarter reporting season. Given those low...

22Jan2013 | | Comments Off on (JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends | Continued

(BAC) Bank of America Beats by a Penny – Revenues Down

Bank of America Corporation (BAC) reported fourth-quarter 2012 earnings of 3 cents per share, which managed to beat the Zacks Consensus Estimate by a cent. However, this compares unfavorably with the earnings of 15 cents in the prior-year...

18Jan2013 | | Comments Off on (BAC) Bank of America Beats by a Penny – Revenues Down | Continued

(MS) Morgan Stanley to Cut 1,600 Jobs

On Wednesday, Morgan Stanley (MS) became the latest Wall Street biggie to announce job cuts. Starting this week, it is planning to retrench 1,600 workers. However, the news does not come as a surprise since many other global banks have...

16Jan2013 | | Comments Off on (MS) Morgan Stanley to Cut 1,600 Jobs | Continued

(SNY) Sanofi Updates on Pipeline

Sanofi (SNY) recently provided an update on its pipeline. Sanofi boasts of a robust pipeline with 65 new molecular entities and vaccines in clinical development, of which 17 are in phase III development or under regulatory review.

We...

15Jan2013 | | Comments Off on (SNY) Sanofi Updates on Pipeline | Continued

(C) Banks Continue Battling Legal Issues

Last week, DZ Bank AG, a German lender, filed a lawsuit against Citigroup Inc. (C) and The Royal Bank of Scotland Group plc (RBS), for misrepresentation of documents...

2Jan2013 | | Comments Off on (C) Banks Continue Battling Legal Issues | Continued

(ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout

Yesterday, IntercontinentalExchange Inc. (ICE) announced its intention to buy the largest stock exchange based on listings – NYSE Euronext Inc. (NYX) for $8.2 billion....

24Dec2012 | | Comments Off on (ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout | Continued

(AIG) AIG Sells Entire Stake in AIA

Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group...

20Dec2012 | | Comments Off on (AIG) AIG Sells Entire Stake in AIA | Continued

(BAC) Bank of America in New Legal Tussle

Last week, DZ Bank AG, a German lender, filed a lawsuit against Bank of America Corporation (BAC), for misrepresentation of documents while selling mortgage-backed securities (MBS). The lodged complaint indicts BofA of presenting modified...

17Dec2012 | | Comments Off on (BAC) Bank of America in New Legal Tussle | Continued

(AIG) American International Group Sells 90% of International Lease Finance Corporation for $5.28B

American International Group Inc. (AIG) confirmed the sale of about 90% of its aircraft leasing unit – International Lease Finance Corporation (ILFC) – to a group of Chinese investors. The deal is valued at $5.28 billion.

Accordingly,...

10Dec2012 | | Comments Off on (AIG) American International Group Sells 90% of International Lease Finance Corporation for $5.28B | Continued

(BCS) Barclays to Exit Crop Trading Biz?

Barclays Plc. (BCS) is contemplating a retreat from trading in agriculture commodities, according to a Reuters report. The move comes as the company gears up for a strategic revamp of its overall business...

4Dec2012 | | Comments Off on (BCS) Barclays to Exit Crop Trading Biz? | Continued

(JPM) Risk and Reward Balance JPMorgan Chase

We have reiterated our long-term Neutral recommendation on JPMorgan Chase & Co. (JPM), based on strong fundamentals and steady performance by all its business segments. Further, maintaining its track...

3Dec2012 | | Comments Off on (JPM) Risk and Reward Balance JPMorgan Chase | Continued

(BX) The Blackstone Group LP Closes GCA Acquisition

On Friday, Blackstone Capital Partners V, L.P ? a private equity fund managed by The Blackstone Group LP (BX) ? announced that it has completed the acquisition of GCA Services Group from Nautic Partners, L.L.C. and other minority shareholders....

3Dec2012 | | Comments Off on (BX) The Blackstone Group LP Closes GCA Acquisition | Continued

(OCN) Ocwen Financial Gets Court Approval For Residential Capital Bid

On Monday, U.S. Bankruptcy Court in Manhattan approved Ocwen Financial Corp’s. (OCN) bid to acquire Residential Capital’s (ResCap) mortgage-servicing rights (MSRs) in collaboration with Walter Investment Management...

3Dec2012 | | Comments Off on (OCN) Ocwen Financial Gets Court Approval For Residential Capital Bid | Continued

(MS) Morgan Stanley in New Legal Tussle

Last week, German lender DZ Bank AG filed a lawsuit against Morgan Stanley (MS), for misrepresentation of documents while selling mortgage-backed securities (MBS). The complaint indicts Morgan Stanley of presenting modified documents...

3Dec2012 | | Comments Off on (MS) Morgan Stanley in New Legal Tussle | Continued

(PRU) Prudential Issues $500M Junior Notes

On Wednesday, Prudential Financial, Inc. (PRU) issued long-term junior subordinated notes worth $500 million. The issue was doubled from the originally planned $250 million. The net proceeds are expected...

30Nov2012 | | Comments Off on (PRU) Prudential Issues $500M Junior Notes | Continued

(C) Banks to Face Tougher Stress Test

Major American banks will have to undergo yet another round of stress tests early next year to prove their financial mettle for confronting another recession. The three stress test scenarios – baseline (based on expectations of private economists), adverse and severely adverse – were revealed...

30Nov2012 | | Comments Off on (C) Banks to Face Tougher Stress Test | Continued

(ETFC) E*TRADE Financial Prices Senior Notes

On Tuesday, New York-based online brokerage firm, E*TRADE Financial Corporation (ETFC) announced the pricing of senior notes worth $1.3 billion. This particular step reflects the company’s efforts to refinance costlier debt.

The...

24Nov2012 | | Comments Off on (ETFC) E*TRADE Financial Prices Senior Notes | Continued

(GOOG) Stock Market News for October 19, 2012 – Market News

Disappointing quarterly results from Google combined with mixed economic reports dragged the benchmarks into negative territory. As for domestic economic readings, initial claims increased more than expected from the previous week, while Philadelphia Fed’s monthly manufacturing report revealed...

8Nov2012 | | Comments Off on (GOOG) Stock Market News for October 19, 2012 – Market News | Continued