Gerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going into next year, and more.
The veteran banker's comments, which came as he announced expectation-beating Q3 profits, saw JP Morgan stock climb by 3% in morning trading on the New York Stock Exchange.
Nvidia's stock price may not see a significant boost given high valuation multiples, unless there are positive signs from insiders' behaviour.
Kinder Morgan offers investors a very attractive dividend yield.
KMI's Tampa Bay Stevedores, Tampaplex Terminal, and Port Sutton Terminal have been shut down due to Hurricane Milton, which is fast approaching landfall.
Improvement in trading and IB business performance is likely to have aided MS' Q3 earnings, while subdued NII is expected to have hurt.
Morgan Stanley Direct Lending Fund shows strong fundamentals and growth, with solid dividend coverage and a healthy portfolio, despite its short track record. MSDL's investment-grade credit ratings and manageable debt positions them well for future growth, but high exposure to floating rate loans poses risks. Trading at a slight discount to NAV, MSDL offers a compelling buy opportunity for income-oriented investors, though upside is limited due to potential rate declines.
On September 30, 2024, Morgan Stanley executed a significant transaction involving the sale of 1,443,913 shares of Celcuity Inc (NASDAQ: CELC), a clinical-stage biotechnology company. This move reduced their holding by 50.92%, leaving them with 1,391,552 shares.
On September 30, 2024, Morgan Stanley executed a significant transaction involving the sale of 192,770 shares in Replimune Group Inc (REPL, Financial), a clinical-stage biotechnology company. This move reduced Morgan Stanley's holding by 11.11%, leaving the firm with a total of 1,542,884 shares.
Four of 30 analysts are now bearish on the self-driving-technology stock, and the latest one sees about 20% further downside.
In this article, we will take a look into Morgan Stanley's (MS, Financial) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow.