Morgan Stanley announced that its Board of Directors declared a $0.05 quarterly dividend per common share. The dividend is payable on February 15, 2011, to common shareholders of record on January 31, 2011.
Morgan Stanley bought $1 billion in claims on bankrupt Lehman Brothers Holdings Inc. from Credit Industriel et Commercial, a holding company for French regional banks, and Banque Federative du Credit Mutuel.
Morgan Stanley was fined $14 million from by the Commodity Futures Trading Commission for allegations that the firm concealed intricated oil trades. Morgan Stanley did not acknowledge or decline the indictments, but the CFTC said that an MS trader along with an accomplice from UBS Securities attempted to conceal trades related to 33,000 oil futures contracts by not revealing the deal until after the closing bell.
The U.S. Treasury Department approved an initial sale of 1.5 billion shares of Citigroup common stock in a step toward reducing its 27% stake of the firm. Morgan Stanley was hired to manage the Treasury's holdings of Citi. MS will earn 0.3 cents for every share it sells electronically and 1.75 cents for every share sold through other methods, a steep discount form the usual 1 to 2 cents normally charged by brokers per share sold electronically and 3 to 4 cents sold through other means.
Morgan Stanley announced that is has declared a regular quarterly dividend on the outstanding shares of the following preferred stock issues: Floating Rate Non Cumulative Preferred Stock, Series A $250.00 per share (equivalent to $0.25000 per Depositary Share); 10% Non Cumulative Non Voting Perpetual Convertible Preferred Stock, Series B $25.00 per share; 10% Non Cumulative Non Voting Perpetual Preferred Stock, Series C $25.00 per share. The dividends for the Preferred Stock Series A, B and C are payable on April 15, 2010 to stockholders of record at the close of business on March 31, 2010.
Morgan Stanely may lose control of a hotel chain it bought for $2.4 billion to creditors when its debt falls due in April. The main lenders of the purchase Citigroup Inc. and Shinsei Bank Ltd want MS to increase equity in the properties while the third lender, the Government of Singapore Investment Corp is considering a takeover of the hotels.
James Gorman, CEO of Morgan Stanley announced that he will hire hundreds of traders in 2010 in addition to the 350 the firm hired in 2009 when the trading for currencies, equities, fixed income products and derivatives exploded. In 2009, sales and trading was dominated by Goldman Sachs with $23.3 billion in revenues and JPMorgan with $17.6 billion. Morgan Stanley lagged with only $5 billion in revenues from fixed income trading.
Morgan Stanley has launched a FTSE tracker that will aim to deliver 1.2 tiimes any positive returns on the FTSE 100 over its 6-year term, as well as reducing any downside. Returns for the Tracker Plus Plan will be capped at 84%. The plan also cushions any falls in the FTSE index so every 5% drop in the FTSE woul be matched with a 1% drop in investments.
Morgan Stanley will change the way it pays its most senior executives by deferring more of their compensation over time and benchmarking their pay against rival firms.
Morgan Stanley was accused in a lawsuit of defrauding investors in a collateralized debt obligation, called the Libertas CDO, by collaborating with ratings companies to place triple-A ratings on the notes.
Morgan Stanley Declared of regular quarterly dividend of $255.56 on outstanding shares of its floating-rate, noncumulative preferred stock, Series A and $25 on its Series B Series C preferred stock. The dividends are payable Jan. 15 to stockholders of record at close of business Dec. 31
Morgan Stanley repaid $10bn in TARP funds to the U.S. Treasury. It is unsure how the repayment will effect future dividends.
MS paid a 0.07% dividend of 2 cents.
Profit takers sell the stock and the price drops so low that stop losses were taken out of play and helped the dow drop 4% Expect a bounce
Morgan Stanley received a $9 billion investment from the Japanese bank Mitsubishi UFJ. Earlier this week, MS stock fell 60% due to the 2008 Financial Crisis.
Morgan Stanley gyrated wildly Tuesday, with its stock falling almost 40% on concerns that Japan's Mitsubishi UFJ Financial Group might abandon plans to acquire a fifth of the investment bank.
After rumors of liquidity issues in the turbulent capital markets sent MS stock down sharply between September 15-18, news of a federal bailout plan sent financial shares higher on Friday, the 19th. As part of the plan, the federal government would take on a huge chunk of the most toxic mortgage-related assets, relieving the financial institutions whose balance sheets have been ailing as these assets' value has plunged. Additionally, talks of a potential merger or capital infusion have buoyed investor confidence that Morgan Stanley will be able to weather the credit crisis.
Morgan Stanley released its third-quarter earnings early to calm investors' fears in the wake of Lehman's bankruptcy and Merrill Lynch's quickly negotiatied sale to Bank of America. Despite reporting better-than-expected net income of $1.43 billion on September 17th, MS stock declined as investors feared that the firm was too reliant on the ailing capital markets.
Morgan Stanley reported a 57% drop in net income for the second quarter of fiscal 2008, due largely to weakening performance in its investment banking division and credit losses. Net revenue declined 38%, despite earning $1.43 billion from the sale of its Spanish wealth management division and its stake in MSCI Inc. (1)
On Monday, June 2, 2008, Standard & Poor's cut its credit rating for Morgan Stanley to A+ from A--. The possibility of continued writedowns on some of Morgan Stanley's assets prompted the S&P downgrade.
On February 4th, JP Morgan Chase, Citigroup, and Morgan Stanley stated that they would put into effect a set of "Carbon Principles" by which they would give investment priority to clean energy groups, and force any company planning to build coal-powered plants to show how they would deal with the carbon dioxide pollution in order to get investment money.
MS announced write-downs of $9.4 bn on subprime-backed securities, leading to a quarterly loss of $3.59 bn, the first in the firm's 72-year history.
An analyst at Goldman Sachs lowered his target price for Morgan Stanley's stock to $61 from $66, citing its exposure to conditions in the credit markets as a reason for the cut. Morgan Stanley's stock price fell 3.4% over the course of the day.
An analyst at Fox-Pitt Kelton stated on November 6 that subprime-related write-offs at Morgan Stanley could total up to $6 billion, fueling concerns about the impact of the subprime industry on major Wall Street firms.
On November 1, Citigroup announced further potential write-downs on subprime-related holdings, in addition to the $6 billion included in its third-quarter earnings report. This move led to speculation about the extent of other financial firms' exposure to subprime fallout, sending stocks in the sector downward.
On September 19, 2007, Morgan Stanley announced its third-quarter results for the year. As a result of market turbulence and devaluations related to the subprime crisis, net income fell 16% to $1.54 billion from $1.85 billion in the same quarter in 2006.
In a deal worth $1.1 billion, Morgan Stanley announced its plan to team up with Sunrise Senior Living, Inc (SRZ) to purchase and operate 15 assisted living communities throughout the U.K.
The Financial Industry Regulatory Authority (FINRA) fined Morgan Stanley $6.15 million in response to charges that the firm overcharged retail brokerage customers for certain corporate bonds. Of this amount, $1.5 million was a direct fine, while FINRA also ordered Morgan Stanley to reimburse $4.65 million to customers.
Stock price rises after Morgan Stanley announces it will purchase Crescent Real Estate.
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