LOS ANGELES, CA / ACCESSWIRE / July 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Morgan Stanley's stock returns have underperformed its peers and industry benchmark over the last year. Q2 earnings came in very strong, beating expectations. At the same time, its bottom line grew by 44%, thanks in part to higher investment banking fees. Despite potential challenges in net interest income and asset management fees, the brighter outlook from capital markets more than offsets these cons, suggesting a buy rating.
On Wednesday, analysts at Morgan Stanley upgraded Gap Inc. (NYSE: GPS) to an Overweight rating from Equal Weight. The investment firm pegged a price target of $29, highlighting Gap's potential as one of the “most compelling names in the retail sector.
LOS ANGELES, CA / ACCESSWIRE / July 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Kinder Morgan Inc. (KMI) provided insight into natural gas demand and growth opportunities during the firm's second-quarter earnings call. The need for electric power is a significant driver of natural gas demand.
Investors are optimistic about the stock market and expect to see more gains in the third quarter, according to a recent survey.
Morgan Stanley is benefiting from a revival in ECM and DCM, and now its advisory businesses are also benefiting from more high ticket M&A where the mid-market has been better. In particular, DCM is looking strong as Morgan Stanley is cashing in on ample demand for corporate credit at higher yields, even though credit spreads remain historically low. YoY ECM is also up, although the sequential declines despite a strong market show that the business is naturally more fickle and lower visibility.
Kinder Morgan's second quarter earnings report showed consistent results with industry trends in natural gas transportation and storage. The company's capital budget has increased to over $2 billion. With LNG exports set to increase in the next two years, there is optimism for natural gas demand and prices in North America.
LOS ANGELES, CA / ACCESSWIRE / July 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
RBC Capital Markets analyst Gerard Cassidy raised the price target of Morgan Stanley MS to $108 from $91, maintaining a Sector Perform rating following strong second-quarter FY24 results.
Oppenheimer's Chris Kotowski cuts rating on investment bank to neutral from buy
Donald Trump has stated he will not seek to remove Federal Reserve chair Jerome Powell before his term ends and would consider JPMorgan CEO Jamie Dimon for Treasury Secretary if he wins the November 5 election, according to a Bloomberg interview. JPMorgan declined to comment.