James Gorman
Morgan Stanley posts strong 3rd quarter earningsPosted by RJ and Makay on Oct 20, 2011 |
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Record wealth management gains and strong sales and trading revenues boosted Morgan Stanley’s 3rd quarter earnings from a year ago. The firm posted net income of 2.2 billion, or $1.14 per share, up from $313 million, or 5 cents per share, in Q3 2010. The results beat analysts’ profit expectations of $0.30 by a wide margin.
Insider stock purchases at a high levelPosted by RJ and Makay on Aug 12, 2011 |
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Executives at Standard & Poors 500 companies are buying back their company stock at a pace not seen since the latter part of the financial crisis in 2009. Sixty-six insiders at 50 companies bought shares between August 3 and August 9, the most since the five days ended March 9, 2009, when the S&P 500 sunk to a 12-year low, according to data compiled by Bloomberg.
Smith Barney plan remains on track: Morgan StanleyPosted by RJ and Makay on May 20, 2011 |
Morgan Stanley’s conversion agreement with its Mitsubishi UFJ Financial Group partnership will not change the firm’s planned timeline to buy the remainder of the Smith Barney brokerage joint venture from Citigroup, Inc., according to Morgan Stanley chief executive James Gorman.
In the first quarter of 2011, Morgan Stanley posted a $655 million pre-tax loss related to Mitsubishi UFJ Financial Group. Mitsubishi converted 7.8 billion in preferred stock for 385 million shares of the company after reports surfaced about the loss.
The Talmud
