Morgan Stanley
Morgan Stanley
Morgan Stanleyis an American multinational financial services corporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries and has more than 1300 offices and 60,000 employees. According to the Scorpio Partnership Global Private Banking Benchmark, the company had $1.454 trillion of assets under managementin 2014, an increase of 17.5% over its 2013 figure...
ability concerns delivered flat help income interest investor kept loan manage margin net portfolio reduce securities stronger tight yield
Net interest margin and Net interest income were stronger than expected, as BAC kept a tight lid on deposit pricing, shrank the securities portfolio and delivered strong loan growth. This should help reduce investor concerns on the bank's ability to manage through the flat yield curve.
area correction euro france overall point potential similar toward
The correction comes after similar corrections in Belgium, the Netherlands and France and overall they point toward a potential slowdown in the Euro area in Q4.
copper expect surprise
We expect copper to surprise on the upside.
absent claims complete current expects management pipeline share stress
Urals claims to be considering a pipeline of 20-30 deals, and management expects to complete at least one substantial transaction by mid-year. We stress that, in our view, deal-flow expectations are absent from the current share price.
interest overlap parties third
With this overlap in mind, (takeover) interest from third parties may well be limited.
concerned remain
We remain concerned about the sustainability of performance.
lower paid price sound strategic
In our opinion, the strategic rationale is sound and price paid is lower than what we would have anticipated.
fully kong monetary
Hong Kong is at the epicenter of U.S. monetary tightening and is fully valued.
accumulate bank basket due horizon investment investors recommend sector shares sharp stocks uplift value
We also recommend that investors with a 2- to 3-year investment horizon accumulate shares in the sector through a basket of mid-sized bank stocks because there could be a sharp uplift in value due to consolidation activity.
continue costs fuel likely pace saving slowing
With a weakening hedging profile, fuel costs will continue rising, and a slowing pace of saving on other costs will likely keep a lid on expectations for profitability.
european intake lead margins oil order profit rising services strong
(This) should lead to strong order intake and rising profit margins for European oil services firms.
book company corporate deferred firmly gains hope needs profits tax year
Without deferred tax credits, Hutchison needs to book exceptional gains this year to keep profits firmly in the black. We hope that this spurs the company into more corporate activity.
against beyond creating emerging fair flows goes japan markets opportunity point powerful pushing recent recognize relative value
We recognize that this goes against powerful recent flows into emerging markets and Japan. However, in our view, flows are approaching the point of pushing Japan and emerging markets beyond fair value, creating the relative value opportunity in the U.S..
concern focus immediate information limited morgan safety stanley
We have limited information on the disaster. Our immediate focus and concern are for the well-being and safety of Morgan Stanley employees.