Morgan Stanley Direct Lending offers compelling value, trading at a significant discount to NAV and near 52-week lows. MSDL's portfolio is defensive, with low leverage and a focus on first-lien loans, reducing overall risk compared to peers. Despite concerns about fixed-rate obligations, the risks to MSDL's earnings from interest rate changes are likely overstated.
Morgan Stanley CEO Ted Pick on Tuesday cautioned that the global equity markets could be heading towards a correction.
Ted Pick, Chairman and CEO of Morgan Stanley, discusses the bank's business strategy in Asia and the opportunities ahead. He speaks with David Ingles and Yvonne Man from the sidelines of the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit.
Kinder Morgan remains a "soft buy" despite recent underperformance versus the broader market, supported by solid financial results and growth prospects. KMI's revenue and cash flow metrics have improved, driven by its Natural Gas Pipeline segment and the Outrigger Energy acquisition, with further growth expected. The company boasts a robust $9.3 billion growth project backlog, capitalizing on surging U.S. natural gas and LNG export demand, especially in Texas and Louisiana.
Morgan Stanley remains a well-managed financial institution with robust earnings and strong preferred dividend coverage. Q3 results showed a 30% sequential and 40% year-over-year pre-tax income increase, with preferred dividends requiring less than 4% of net profit. Despite the high 7.125% yield on MS.PR.E, the rising call risk due to falling interest rates prompts me to sell my position.
Morgan Stanley is buying trading platform EquityZen. This is the bank's first acquisition under Chief Executive Officer Ted Pick.
Kinder Morgan (KMI) announced its third-quarter results this week. It reported in-line results as well as a robust outlook for growth.
Amaero Ltd (OTCPK:AMROF) Q1 2026 Earnings Call October 23, 2025 8:01 PM EDT Company Participants Hank Holland - Executive Chairman & CEO Conference Call Participants Jane Morgan Presentation Jane Morgan Good morning, and welcome to the Amaero Investor Webinar. I'm Jane Morgan, Investor and Media Relations Manager.
KMI posts steady Q3 gains as natural gas pipelines drive revenue growth and earnings meet expectations.
Morgan Stanley delivered exceptional Q3 '25 results, with EPS and revenue significantly surpassing estimates and extending a multi-quarter streak of outperformance. MS's wealth management segment achieved record revenues and industry-leading margins above 30%, signaling a sustainable competitive advantage and robust recurring income. Investment banking revenue surged 44%, reflecting a cyclical recovery and strong deal pipelines, positioning MS for continued earnings growth as capital markets normalize.
Kinder Morgan, Inc. is a leading U.S. midstream company, with 65% of its earnings driven by its extensive natural gas infrastructure network. KMI's growth strategy is heavily focused on natural gas, with over 90% of its $9.3B project backlog allocated to expanding natural gas infrastructure. Despite a lower yield (4.3%) than most peers, KMI offers strong exposure to rising U.S. natural gas demand and LNG export growth, supporting long-term growth potential.
Morgan Stanley Direct Lending offers an 11.9% dividend yield and trades near its 52-week low at a 19% discount to book value. MSDL maintains strong credit quality, full dividend coverage, and a conservative portfolio with 96% first-lien senior secured loans and minimal non-accruals. It benefits from a low 1% base management fee, diversified sector exposure, and a solid balance sheet with no debt maturities until 2027.