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Morgan Stanley

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  • Morgan Stanley Hit by Suspected Rogue Trader: FT Thursday, 19 Jun 2008 | 4:20 AM ET

    Morgan Stanley will take a $120 million revenue hit after a suspected rogue trader incorrectly valued his positions in the credit derivatives market, the Financial Times reported on Thursday.

  • Dow Headed Below 12,000? Wednesday, 18 Jun 2008 | 5:48 PM ET

    Stocks closed lower again on Wednesday. For a time, the Dow traded below the 12,000 mark for the first time since mid-March. What's the "Word on the Street?"

  • Dow Closes at Lowest Level in 3 Months Wednesday, 18 Jun 2008 | 5:04 PM ET

    Stocks closed lower Wednesday, led by financial and auto stocks after worrisome results from Morgan Stanley, CarMax and FedEx. Regional banks also took a hit after Fifth Third cut its dividend.

  • Dow Breaches Key Level Amid Bank Worries Wednesday, 18 Jun 2008 | 3:33 PM ET

    Stocks declined Wednesday, led by financials, after worrisome results from Morgan Stanley and a dismal outlook from FedEx. The Dow briefly slipped below 12,000 -- the first time that's happened since March 18, when the market was reeling from the collapse of Bear Stearns.

  • Banks Drag European Shares Sharply Lower Wednesday, 18 Jun 2008 | 1:05 PM ET

    European stocks fell on Wednesday, as slipping crude knocked oil shares and financials took a fresh battering after U.S. banks Morgan Stanley and Fifth Third revealed credit-related struggles.

  • Banks Lead Selloff After Morgan Results Wednesday, 18 Jun 2008 | 11:38 AM ET

    Stocks opened lower Wednesday as investors booed results from Morgan Stanley and a dismal outlook from economy gauge FedEx.

  • Morgan Stanley Profit Plunges, Despite Asset Sale Wednesday, 18 Jun 2008 | 11:11 AM ET

    Morgan Stanley said quarterly earnings plunged 56 percent on trading losses and slowdown in investment banking, despite $1.43 billion of pretax gains from asset sales.

  • FedEx Hit By High Oil Prices, Weak Economy Wednesday, 18 Jun 2008 | 9:22 AM ET

    FedEx is the main story this morning, and it is not a pretty picture. Earnings of $1.45 was a bit shy of consensus of $1.47, but that wasn't the big problem. Guidance for the current quarter is well below expectations: $0.80-$1.00 vs. $1.27, as is the full year guidance of $4.75-$5.25 vs. $5.92 consensus.

  • FedEx Adds to Dour Market Mood Wednesday, 18 Jun 2008 | 8:26 AM ET

    Wall Street was bracing for another rough day as investors worried over earnings reports and oil inventories, with bad news from Federal Express adding to the downbeat mood.

  • Market Insider: Wednesday Look Ahead Tuesday, 17 Jun 2008 | 8:58 PM ET

    Sloppy and choppy was the market trend Tuesday, and there's signs it could continue into Wednesday with no economic data on the horizon to drive stocks.

  • Top Videos of the Day: Goldman Earnings, Corn Crisis Tuesday, 17 Jun 2008 | 6:57 PM ET

    Goldman Sachs took center stage on Wall Street on Tuesday, beating expectations and outperforming the financial sector despite lower earnings results. What follows are some of the day's highlights.

  • Your First Move For Wednesday June 18th Tuesday, 17 Jun 2008 | 6:45 PM ET

    Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now! Now with more plays that ever!

  • Stocks Fall As Goldman Declines Tuesday, 17 Jun 2008 | 5:58 PM ET

    The Dow dropped Tuesday and the broader stock market continued to languish despite positive news early in the day from Goldman Sachs. What's the "Word on the Street?"

  • Stocks Slide as Bank Worries Rattle Market Tuesday, 17 Jun 2008 | 5:08 PM ET

    Stocks fell sharply Tuesday as a warning from Goldman Sachs that banks may need to raise another $65 billion rippled through the market, offsetting any positive impact from Goldman's earnings.

  • Vince Farrell

    Goldman Sachs spacerturned in another stellar performance under difficult circumstances with an earnings report that far exceeded expectations. Return on equity was 20% when other investment banks are posting losses. 52% of the revenues were from trading operations which are volatile and risky and that's why these stocks trade at what seem to be low price to earnings valuations. My guess is Goldman is picking up business by default as traders can easily justify doing business with Goldman.

  • BlackRock's Doll: Brokerage Stocks Cheap, But... Tuesday, 17 Jun 2008 | 10:27 AM ET

    Investment banking's so-called "trillion-dollar man" says he's undecided about whether brokerage stocks are bargains, despite their current low prices.

  • Brokerage Stocks: Go Long Tuesday, 17 Jun 2008 | 9:56 AM ET

    For the first time since it went public in 1994, Lehman Brothers has posted a quarterly loss. But Morningstar's Ryan Lentell says you should still consider brokerage shares.

  • US Banks May Fall Prey to European, Asian Bids Tuesday, 17 Jun 2008 | 4:58 AM ET

    1st paragraph of story should go here

  • Chartology: Broker Breakdown Monday, 16 Jun 2008 | 6:37 PM ET

    We told you about the fundamentals now find out how the technicals suggest trading Goldman Sachs and Merrill Lynch!

  • Market Little Changed Ahead Of Goldman Monday, 16 Jun 2008 | 5:50 PM ET

    The Dow finished Monday’s session modestly lower as investors continued to worry about the course of the economy. What's the "Word on the Street?"