Last $35.16 USD
Change Today -0.66 / -1.86%
Volume 7.4M
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As of 2:13 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

morgan stanley (MS) Key Developments

Morgan Stanley Names Simon Smith as Head for its Investment Banking Operations in Europe, the Middle East and Africa

Morgan Stanley has announced that it has named a head for its investment banking operations in Europe, the Middle East and Africa. The bank named Simon Smith to the position in a shake-up of its leadership in the region. Smith joined the firm in 1998 and has been running UK and Ireland investment banking for the past seven years. Smith will report to Franck Petitgas, co-head of the investment bank.

Morgan Stanley Reaches $2.6 Billion Settlement with US Government over Mortgages

Morgan Stanley agreed to pay $2.6 billion to US federal government to settle the charges over its role in the sub-prime mortgage lending that triggered the global financial crisis in 2008. The settlement amount will go to 'resolve certain claims the US Department of Justice (DOJ) brought against Morgan Stanley's mortgage division,' the bank said in a regulatory filing with the US securities exchange commission (SEC). The bank said that the settlement is not final and could fall through. The amount will be paid to the DOJ and the attorney's office for the northern district of California. The settlement will cut the bank's 2014 profit by almost a half. Legal reserves will be increased to $2.8 billion, which will reduce the income from continuing operations by $2.7 billion or $1.35 per share from earlier $5.8 billion or $2.96 per share.

Morgan Stanley Reportedly Received Interests From 30 Parties For Investa

At least 30 parties have reportedly expressed interest in $8.9 billion Investa Office and land business in Australia owned by Morgan Stanley (NYSE:MS). The first round of bidders likely to be finalized in a matter of weeks. BlackRock, Inc. (NYSE:BLK), Blackstone Mortgage Trust, Inc. (NYSE:BXMT), LaSalle Investment Management, Abu Dhabi Investment Authority, and Goldman Sachs special opportunities fund are also likely to be a bidder.

China Postal Savings Seeks Pre-IPO Investors

China Postal Savings Bank Co., Ltd. is planning to sell minority stakes before a potential initial public offering in early 2016. China Postal Savings Bank Co., Ltd. has started talks with potential investors, which includes US private equity groups, Asian sovereign wealth funds and an affiliate of Alibaba Group Holding Limited (NYSE:BABA). Morgan Stanley (NYSE:MS) has been appointed as advisor to procure buyers and according to representatives of Morgan Stanley potential investors could come by early 2016.

Morgan Stanley Appoints Frederik Wijsenbeek as Executive Director of its Global Private Equity Team in London

Morgan Stanley has appointed Frederik Wijsenbeek executive director of its global private equity team in London. Wijsenbeek previously served as an investment partner at Global Family Partners.

 

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MS

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Valuation MS Industry Range
Price/Earnings 12.2x
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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