Learn How $237/Day Profit Is Possible… 100% Risk Free A reading of the economy from Morgan Stanley is signaling “June gloom.”… Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell by 32 points in June, to… Read More ›
Lyft Against Morgan Stanley | BY SANDRO VILLA | STOCK MARKET NEWS TODAY | In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors… Read More ›
China’s Economy Is In “Long-Term Decline” And Growth From 2020 Will Be Increasingly Dependent On Foreign Capital, According To Morgan Stanley
China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on foreign capital,” said the investment bank in a report on Tuesday.
Morgan Stanley Will Pay $900 Million To Acquire Solium Capital Inc. The Deal Is The Bank’s Largest Acquisition Since The Financial Crisis
Solium’s 3,000 corporate clients employ 1 million workers and include startups such as Stripe Inc. and Instacart Inc., whose employees tend to be younger and have fewer relationships with traditional financial firms. Morgan Stanley said the acquisition wouldn’t have a meaningful impact on its 2019 earnings or reduce its planned stock buybacks.
J.P. Morgan: third-quarter profit jumped 24% as the bank’s consumer business helped it overcome weaker trading.
StockMarketNews.Today – Overall profit at the corporate and investment bank was $2.62 billion, a 3% increase from $2.55 billion in the same period last year. JPMorgan’s commercial bank earned $1.09 billion, a 24% increase from the $881 million it earned in the year-ago quarter, and the bank’s asset and wealth management unit reported profits of $724 million, compared with $674 million in the third quarter of 2017.
Morgan Stanley is bracing for a turn lower in the stock market and is recommending clients to shift away from the technology stocks that have helped drive US equities higher and move into more defensive sectors such as consumer staples, telecoms and utilities.
StockMarketNews.Today – Major US stock indices stumbled as global trade disputes intensified. But a strong economic backdrop, bolstered by solid US jobs data on Friday, have offered some respite, with the S&P 500 and the Nadaq Composite up 3.7 per cent and 11.7 per cent respectively