More Videos
| As of Friday, November 6th: |
As of October 1st, the earnings growth rate was at -24.8%.Of the 440 S&P 500 companies who have reported Q3, 80% beat estimates, 6% were in-line, and 14% were below estimates. The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -14.8%. (Data provided by Thomson Reuters)
LATEST EARNINGS RESULTS
- Sweeping Health Care Overhaul Bill Passes House
- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Buffett's Berkshire Hathaway Says Net Income Tripled
- Cramer: Earnings, IPOs Dominate Next Week
- Buying Fear: How to Own Volatility
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Tommy Lee, Medical Tourism and Nasty Santa, Your Emails
- U.S. Markets Gain 3% for the Week Despite 10.2% Unemployment
- Disney's 'Carol' Tests Widest 3-D Release Ever
- Stimulus II? Jobs Tax Credit=Cash For Clunkers
- Rockwell Automation Earnings: What Options Are Saying
- Gold Will Touch Higher Lows and Higher Highs: Analyst
- Is Misery Alive And Well in Your Office?
- Consumers Haven't Changed, They Are Just Pickier
MOST SHARED
- Solar Market Heating Back Up?
- Realty Execs See Pain Ahead
- US Becomes Top Country Brand Under Obama: Survey
- Sweeping Health Care Overhaul Bill Passes House
- Easy Money & Stocks
- BoA Board in Civil War Over Lewis' Succesor
- Administration Rejects Plan to Buy Fannie Mae Credits
- Want the Homebuyer's Tax Credit? Here Are Some Tips
Text Size 
Morgan Stanley officials are weighing whether the firm should remain independent or merge with a bank given the recent turbulence in the company's stock, CNBC has learned.
 |
As of late yesterday (Tuesday) Morgan officials were not in merger discussions, according to people close to the matter. But senior people at Morgan concede that further zig-zags in the company's stock price [MS
Loading...
()
] could and possibly will force the company to change course and seek a merger partner, probably a well capitalized bank.
Morgan Stanley CEO John Mack wants to avoid the mistake made by Lehman Brothers CEO Richard Fuld, who brushed aside buyout offers until the market crushed shares of the firm and force it into bankruptcy.
Morgan, analysts say, has a stronger balance sheet than Lehman and recently pre-announced financial results showing profits for the third quarter, and a lower than expected decline of 7.7 percent from the third quarter of last year.
But Wall Street traders are increasingly betting that Morgan might not survive--the costs of so-called credit default swaps which are insurance policies against Morgan defaulting on its bonds, shot up on Tuesday, forcing the company's pre-announcement.
For this reason, Mack is carefully monitoring the market reaction and may indeed decide to do a deal if it looks like the firm could face a liquidity crisis as traders begin to pull funding from the firm.
"Mack isn't going to wait," said one person familiar with his thinking. "If he sees the writing on the wall, he's going to do something".
Print
Email
- Sun Micro Sales Fall as Oracle Deal Remains Delayed
The computer maker suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp hurt its business.
- AIG in the Black Again, Operating Profit Tops View
AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments.
- Starbucks Profit Beats Forecasts; Shares Rise
Starbucks reported a quarterly profit that outstripped analysts' forecasts, and it provided a bright earnings outlook that helped push its shares higher in extended trading.
- Sun Micro Sales Fall as Oracle Deal Remains Delayed
- Fannie Mae Seeks $15 Billion in Aid After Posting Loss
Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.
- Fannie Mae Seeks $15 Billion in Aid After Posting Loss
- Nvidia Profit, Sales Top Wall Street's Forecast
- CBS Beats Expectations on Improved Ad Market
- Cisco CEO: Tech Sector Hit Bottom, Recovery Under Way
- Activision Posts Profit That Matches Street View
- Qualcomm Outlook Misses Street, Samsung Deal Helps
- News Corp Profit Tops Estimates on Film, Cable Revenue
- Allstate Swings to Profit, Misses Expectations
- Comcast Profit Beats Street as Users Add Services
- Time Warner Posts Lower Profit, Raises Outlook
- Pulte Homes Posts Wider-Than-Expected Loss
- Nissan Returns to Profit in Latest Quarter
- Kraft Won't Overpay for Cadbury as Revenue Misses
- MasterCard Profit Beats With Higher Bank Fees
- Viacom Profit Tops Views on Box Office Strength
Data is a real-time snapshot *Data is delayed at least 15 minutes