Fed Chair Kevin Warsh says he wants to listen to the signal from markets more. Strategists at Morgan Stanley say markets may regret being in charge.
Morgan Stanley preferreds MS.PR.A and MS.PR.E offer distinct risk-reward profiles amid changing rate environments and call risk. While the economic world has shifted since my last review, adding uncertainty to where interest rates are going, my ratings for both remain unchanged. MS.PR.A keeps it Sell rating due to risk of price drop if the coupon falls to the 4% floor, potentially reducing yield and capital value.
Morgan Stanley Direct Lending trades at a 22% discount to NAV and is paying out an 11.7% dividend yield that's fully covered by NII. MSDL faces negative net fundings, yield compression, and a shrinking portfolio, raising the risk of further dividend cuts. Short interest in MSDL has reached record highs amid negative sentiment and large redemption requests from private credit funds.
| Capital Markets Industry | Financials Sector | Vincent Amabile Jr. CEO | OTC PINK Exchange | 61735R203 CUSIP |
| US Country | 6 Employees | - Last Dividend | 11 Jun 2020 Last Split | 19 Feb 2002 IPO Date |
Morgan Group Holding Co. operates through its subsidiary G.research, LLC, providing a range of financial services primarily focused on institutional research and securities brokerage within the United States. Founded in 2001 and headquartered in Rye, New York, the company has positioned itself as a key player in the financial industry by serving a diverse clientele. Its offerings cater to institutional clients, asset managers, mutual funds, as well as addressing the needs of private wealth management clients and retail customers. The company’s commitment to delivering in-depth institutional research alongside its brokerage services has established it as a reliable firm in the securities market.