MS seeks a lower SCB after the Fed finalized the requirement post-stress test, with results due by Sept. 30.
We take a look at the Q2 results of BDC MSDL, which trades at an 11.3% dividend yield and a 14% discount. MSDL allocates primarily to less-cyclical sectors such as Software, Insurance and Commercial Services. Total NAV return clocked in at 2.2%, below the median but above the average in the sector.
The artificial intelligence trade has evolved to intently focus on adoption. So there's been considerable chatter regarding the extent to which companies will embrace AI.
The Wall Street firm says current spending plans for AI should create some $920 billion in new value. That's good news for investors.
KMI is set to benefit from soaring LNG exports and global demand, backed by its vast U.S. pipeline network and Gulf Coast presence.
Kinder Morgan's stock soars 30% in a year, fueled by a $9.3B project backlog, but new pipeline capacity could weigh on future rates.
CNBC's Leslie Picker breaks down the latest news on CoreWeave.
MS hits a record $148.23 amid a market rally fueled by rate cut hopes, but rising costs and trading reliance pose challenges.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Morgan Stanley upgraded Freeport-McMoRan Inc (NYSE:FCX) to "overweight" from "equal weight," while simultaneously slashing its price target to $48 from $54 this morning.
MSDL's Q2 earnings disappointed, with declining NAV, weak dividend coverage, and rising non-accruals signaling fundamental portfolio issues. Despite a tempting 11% yield and deep discount to NAV, I see the discount as a reflection of ongoing risks, not a buying opportunity. Management struggles to deploy capital into new investments, and net investment income barely covers the dividend, leaving little margin for error.
MSDL remains a high-quality BDC with stable portfolio values and low non-accruals, but recent earnings highlight growing risks. Dividend coverage is now razor-thin, with NII per share barely matching payouts and no margin of safety left. Spread compression and unresolved refinancing risks threaten future earnings, especially if base rates are cut as expected.