Stocks Morgan Stanley

  • Credit Crunch

    Such is the level of disaster-mongering surrounding the latest phase of the credit crisis that you could be forgiven for thinking we'll all be hoarding food and reverting to a barter economy.

  • JPMorgan_Bear-Sterns1.jpg

    JPMorgan Chase's sweetened offer for Bear Stearns carries high risk for JPMorgan, Punk Ziegel analyst Richard Bove said, adding that according to his calculations JPMorgan was paying about $65 per share for Bear excluding the planned issue of new Bear shares.

  • For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.

  • The Federal Reserve headquarters in Washington, DC.

    Big Wall Street investment companies are taking advantage of the Federal Reserve's unprecedented offer to secure emergency loans, the central bank reported Thursday.

  • If the options market is any indication, investment bank stocks could still be in for a rough ride in the month ahead, particularly UBS, according to Rebecca Darst of Interactive Brokers.

  • Money-center banks appear to be outperforming the brokers. Is there a trade here?

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    Plunging commodities combined with weakness in energy and basic materials dragged down the Dow as well as the broader stock market. What's the word on the Street?

  • Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.

  • An early rally fizzled Wednesday amid profit-taking from the prior session's rally and lingering concerns about credit.

  • Morgan Stanley

    Morgan Stanley said first-quarter earnings fell amid write-downs in mortgages and loans yet resilient trading results helped the second-largest US investment bank exceed lowered expectations by a wide margin.

  • European stocks closed lower on Wednesday after half-hearted attempts to bounce in the green during the day, as fears over the health of the financial markets returned to haunt the markets following yesterday's rally.

  • Stocks turned mixed Wednesday after an initial jump spurred by news that regulators will provide some much-needed capital relief to Fannie Mae and Freddie Mac. Visa shares surged.

  • U.S. investment banks are testing a new program set up in conjuction with the rescue of Bear Stearns that allows investment banks to borrow directly from the Federal Reserve, according to people at the banks.

  • There are reports this morning that Fannie Mae has won the capital relief some have asked for. At 9 am OFHEO (Office of Federal Housing Enterprise Oversight--Fannie's regulator) has scheduled a conference call to discuss alleviating some of the capital constraints on Fannie and Freddie.

  • Buyers came back to Wall Street in a big way Tuesday, igniting a sharp rally and new debate about whether stocks have bottomed.

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    Stocks take off after better-than-expected earnings from Lehman and Goldman and go higher still on another Fed rate cut. Also, breaking news on the Visa IPO and more.

  • Morgan Stanley

    Morgan Stanley shares shot up 18% Tuesday, so why care about the brokerage's earnings report Wednesday morning? Cmon, there's always something to worry about.

  • A foreclosure home for sale is shown Tuesday, Aug. 22, 2006 in Spring, Texas. Sales of previously owned homes plunged in July to the lowest level in 2 1/2 years and the inventory of unsold homes climbed to a new record high, fresh signs that the housing market has lost steam. (AP Photo/David J. Phillip)

    The FBI's criminal probe of the mortgage lending industry has grown to 17 firms, involves large companies, and could take years to conclude, bureau officials said on Tuesday in a Reuters interview.

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    I’m working on a story for TV today about which builders are in the deepest doo-doo after the Commerce Dept. reports single family permits down 6.2 percent in January. Permits are down 30 percent since the August credit freeze and down 57 percent from their peak in September of 2005.

  • Asset manager BlackRock said Monday it expects auction-rate securities auctions to continue to fail, given roiling markets, and said it would explore ways to help its fund shareholders who are suffering due to the lack of liquidity.