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Morgan Stanley

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  • *Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...

  • Early Glance: Banks companies Friday, 24 Apr 2015 | 10:55 AM ET

    Bank of America Corp. fell$. 01 or. 1 percent, to $15.68. Citigroup Inc. fell$. 27 or. 5 percent, to $52.95. Goldman Sachs fell $1.30 or. 7 percent, to $198.01.

  • LONDON, April 24- Deutsche Bank's expected move to sell much of its retail banking business will see it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to slash trading operations...

  • April 24- Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash, as it focuses on its core children's book publishing business. Scholastic, publisher of the "Harry Potter" series in the United States, has also benefited from the popularity of Minecraft Handbook...

  • Final Glance: Banks companies Thursday, 23 Apr 2015 | 6:05 PM ET

    Bank of America Corp. fell$. 05 or. 3 percent, to $15.69. Citigroup Inc. rose$. 12 or. 2 percent, to $53.22. Goldman Sachs rose$. 99 or. 5 percent, to $199.31.

  • unit of Wells Fargo& Co, added eight advisers from Morgan Stanley and brokerage firm Edward Jones. G. "Carey" Revels, Craig Goldberg and Jonathan Zucker joined Wells Fargo Advisors from Morgan Stanley. Revels managed more than $108 million in client assets at Morgan Stanley and joined Wells Fargo's Hattiesburg, Mississippi office.

  • Midday Glance: Banks companies Thursday, 23 Apr 2015 | 1:24 PM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.78. Citigroup Inc. rose$. 21 or. 4 percent, to $53.31. Goldman Sachs rose $2.10 or 1.1 percent, to $200.42.

  • DETROIT, April 23- General Motors Co posted a smaller-than-expected quarterly profit on Thursday as weakness in South America and Russia hurt demand and the company's tax rate was higher than expected, sending shares down 4 percent. "Clearly the macro environment in South America, and it's primarily Brazil, deteriorated versus even where we thought it was...

  • Early Glance: Banks companies Thursday, 23 Apr 2015 | 11:02 AM ET

    Bank of America Corp. rose$. 01 or percent, to $15.75. Citigroup Inc. fell$. 03 or. 1 percent, to $53.07. Goldman Sachs rose$. 01 or percent, to $198.33.

  • Office 'Mean Girls': Don't let them win! Thursday, 23 Apr 2015 | 8:03 AM ET
    Lindsay Lohan, Amanda Seyfried, Rachel McAdams and  Lacey Chabert in "Mean Girls."

    Everyone has an office nemesis—they're like "Mean Girls" from high school. Blech. Here are some tips so you don't fall into their trap.

  • *China to cut export tariffs on aluminium products from May 1. LONDON, April 23- A soft reading on factory activity in top metals user China sent copper to a month low on Thursday, reinforcing worries about tepid demand, while aluminium slid on news that China will remove export taxes on rods and bars. "We haven't seen a strong pickup in demand in China after the New Year...

  • SYDNEY, April 23- Morgan Stanley's sale of its Australian real estate unit, Investa Property Group, is expected to fetch more than A $3 billion and has attracted more than 20 bids, a source with direct knowledge of the deal told Reuters. Nearly half of the bids came from Asia, including from China's biggest privately owned business Fosun International Ltd and...

  • *China to cut export tariffs on aluminum products from May 1. MELBOURNE, April 23- London copper fell to its lowest level in a month on Thursday as a flash reading on China's factories showed activity shrank to its slowest in a year, fanning worries about already tepid demand. "Everyone has probably already decided that demand doesn't look great in China so a miss is...

  • Final Glance: Banks companies Wednesday, 22 Apr 2015 | 6:13 PM ET

    Bank of America Corp. rose$. 24 or 1.5 percent, to $15.74. Citigroup Inc. rose$. 62 or 1.2 percent, to $53.10. Goldman Sachs rose $1.48 or. 8 percent, to $198.32.

  • Midday Glance: Banks companies Wednesday, 22 Apr 2015 | 1:39 PM ET

    Bank of America Corp. rose$. 23 or 1.5 percent, to $15.73. Citigroup Inc. rose$. 71 or 1.4 percent, to $53.19. Goldman Sachs rose $1.63 or. 8 percent, to $198.47.

  • 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...