In the run-up to Facebook's spacer $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, reduced his revenue forecasts for the company. Read More
Investing in restaurants has a bad name. But plenty of people find ways to run restaurants profitably and make a good deal of money from the enterprise. Read More
FBR analyst Paul Miller wasted no time on Thursday in downgrading JPMorgan Chase following CEO James Dimon's announcement of a $2 billion second-quarter trading loss. Read More
Today Facebook brings its roadshow to the Crowne Plaza in Palo Alto, just a stone's throw from where Facebook was founded. This may not be the biggest event on the road show — New York was with about 660 people attending — but it's a crucial moment for Facebook to be evaluated on its home turf. Read More
Morgan Stanley, led by its technology investment banking chief, Michael Grimes, has shepherded 28 technology initial public offerings in the past year. The New York Times reports. Read More
Morgan Stanley shares have had a rough 2012, underperforming those of major competitors by so large a margin that the bank is now lagging even perennial post-crisis losers Citigroup and Bank of America according to certain metrics. Read More
We ran out of time on TV but we didn’t forget. Following are the Fast Money Final Trades. Our gang gives you tomorrow’s best trades, right now. Read More