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Morgan Stanley

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  • NEW YORK, April 22- Financial companies are among the standouts of the first-quarter earnings reporting season, but their dazzling profit growth has failed to impress investors, who are finding reasons for caution behind the headline numbers. Both Morgan Stanley and Goldman Sachs blew through expectations, with respective profit growth of 59 percent and 48...

  • ON THE MOVE-RBC hires two advisers from UBS Wednesday, 22 Apr 2015 | 11:53 AM ET

    April 22- RBC Wealth Management, part of Royal Bank of Canada, hired two advisers at Naples, Florida from UBS Financial Services Inc, the wealth management unit of UBS AG. Dustin Smith and James Rubinton managed $289 million in client assets at UBS. RBC said on Monday it hired three Morgan Stanley financial advisers, Brian Friday, Richard Bondi and Eric Gregory, at a...

  • BOSTON, April 22- State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough to support them. State Street, which lost its long-time No. 2 spot among ETF providers in the first quarter to Vanguard...

  • Early Glance: Banks companies Wednesday, 22 Apr 2015 | 10:25 AM ET

    Bank of America Corp. rose$. 06 or. 4 percent, to $15.56. Citigroup Inc. rose$. 13 or. 2 percent, to $52.61. Morgan Stanley rose$. 07 or. 2 percent, to $36.82.

  • DETROIT, April 22- AutoNation Inc, the largest U.S. auto dealer group, on Wednesday posted stronger-than-expected quarterly profit as sales for both new and used vehicles rose. "While expectations were high coming into the quarter, we believe AutoNation did well enough to keep the bulls interested," Shanker said in a research note. Net income in the first quarter...

  • HONG KONG, April 22- UBS, Singapore's Temasek Holdings and French bank BNP Paribas are among half a dozen preliminary bidders to buy up to a 10 percent stake in state-owned Postal Savings Bank of China for at least $3 billion, people familiar with the matter told Reuters on Wednesday. PSBC is preparing for an initial public offering next year, which could raise...

  • *Says units cost now under $20/ t. "It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers," said Mark Pervan, head of commodities for ANZ Bank. Spot iron ore prices have fallen 60 percent over the past year following a massive rise in...

  • *Says units cost now under $20/ t. "It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers," said Mark Pervan, head of commodities for ANZ Bank. "Demand is the savior," said Joel Crane, a commodities analyst at Morgan Stanley.

  • Final Glance: Banks companies Tuesday, 21 Apr 2015 | 6:03 PM ET

    Bank of America Corp. fell$. 07 or. 4 percent, to $15.50. Citigroup Inc. fell$. 72 or 1.4 percent, to $52.48. Goldman Sachs fell $1.26 or. 6 percent, to $196.84.

  • WASHINGTON, April 21- The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without fear of lawsuits. The Senate Intelligence Committee passed its version of the legislation 14-1 in March and aides said...

  • ATLANTIC CITY, N.J.— The former owners of the Revel casino are acknowledging a long list of mistakes that helped kill the $2.4 billion resort, including an onerous energy contract that strangled it from the get-go. The filing puts much of the responsibility on Revel's initial management, led by former CEO Kevin DeSanctis. Unable to raise the money to build a power...

  • WASHINGTON, April 21- The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without fear of lawsuits. The Senate Intelligence Committee passed its version of the legislation 14-1 in March and aides said...

  • Midday Glance: Banks companies Tuesday, 21 Apr 2015 | 1:45 PM ET

    Bank of America Corp. fell$. 03 or. 2 percent, to $15.54. Citigroup Inc. fell$. 57 or 1.1 percent, to $52.64. Goldman Sachs fell$. 11 or. 1 percent, to $197.99.

  • Early Glance: Banks companies Tuesday, 21 Apr 2015 | 10:51 AM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.61. Citigroup Inc. fell$. 12 or. 2 percent, to $53.08. Goldman Sachs rose $1.00 or. 5 percent, to $199.10.

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • April 21- Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge. Boutique investment banks such as Allen& Company, Centerview Partners and Paul Taubman's PJT Partners have limited resources...

  • NYSE stocks posting largest volume decreases Monday, 20 Apr 2015 | 7:11 PM ET

    NEW YORK— A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. BRT Realty Trust: Approximately 100 shares changed hands, a 97.8 decrease from its 65- day average volume. The shares rose$. 05 or. 8 percent to $6.95.

  • Final Glance: Banks companies Monday, 20 Apr 2015 | 7:10 PM ET

    Bank of America Corp. rose$. 01 or. 1 percent, to $15.57. Citigroup Inc. rose$. 13 or. 2 percent, to $53.20. Goldman Sachs rose$. 75 or. 4 percent, to $198.10.

  • Royal Caribbean and Hasbro are big market movers Monday, 20 Apr 2015 | 7:08 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Royal Caribbean Cruises Ltd., down $6.32 to $72.71. The defense contractor will buy cybersecurity company Websense Inc. from equity firm Vista Equity Partners for about $1.9 billion.

  • NEW YORK, April 20- Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of U.S. Navy ships to waters near Yemen and an alert issued by Saudi Arabia for a possible militant attack...