Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks.The Securities and Exchange Commission (SEC), the Office of the Comptroller of the Currency (OCC), the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC) and the Federal Reserve are probing the bank, The Wall Street Journal (WSJ) reported Thursday (April 11), citing unnamed sources.The activity of ...

Anti-money laundering (AML) defenses might begin at the point of onboarding.The needs are for all manner of firms — and especially banks and investment management companies — to embrace technology in the service of beefing up their onboarding processes and automating them too.    Media sites including The Wall Street Journal (WSJ) reported Thursday that U.S. regulators are examining Morgan Stanley’s anti-money laundering efforts.The scrutiny comes from a broad range of regulators, ranging from the Securitie ...

Morgan Stanley stock tumbled Thursday after the Wall Street Journal reported that the bank's wealth arm faces multiple federal probes over its client-vetting practices and potential money laundering risks.X The Securities and Exchange Commission, the Office of the Comptroller of the Currency, and Treasury Department officials are involved in the investigation, the WSJ reported, citing unnamed sources. The latest round of scrutiny comes after the Federal Reserve in November launched a similar probe.The regul ...

Morgan Stanley’s wealth management arm is being probed by multiple regulators, the Wall Street Journal reported Thursday citing people familiar with the matter.The Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are involved, the report said.The main issues under the scanner were whether the bank has been sufficiently investigating the identities of prospective clients and where their wealth comes from, and how it monitors their financi ...

Wall Street analysts expect Morgan Stanley (MS) to post quarterly earnings of $1.69 per share in its upcoming report, which indicates a year-over-year decline of 0.6%. Revenues are expected to be $14.47 billion, down 0.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Morgan Stanley (MS) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 16, 2024, might help the stock move higher if these key numbers are better than expect ...

Morgan Stanley (MS) ended the recent trading session at $93, demonstrating a +0.31% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.23%.Prior to today's trading, shares of the investment bank had gained 4.02% over the past month. This has outpaced the Finance sector's gain of 2.37% and the S&P 500's gain of 1.5% in that time.The investment commun ...

The latest trading session saw Morgan Stanley (MS) ending at $91.95, denoting a -1.55% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq added 0.17%.Shares of the investment bank have appreciated by 8.79% over the course of the past month, outperforming the Finance sector's gain of 4.92% and the S&P 500's gain of 5.34%.Analysts and investors alike will be keeping a close eye on the performan ...

Morgan Stanley (MS) closed the most recent trading day at $87.96, moving -0.48% from the previous trading session. This move lagged the S&P 500's daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.The the stock of investment bank has risen by 2.17% in the past month, lagging the Finance sector's gain of 2.48% and overreaching the S&P 500's gain of 1.76%.Analysts and investors alike will be keeping a close eye on the performance of ...

The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.Morgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firmwide artificial intelligence, CNBC has learned.The bank is elevating Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm, according to a memo sent Thursday from co-presidents Andy Saperstein and Dan Simkowitz.Last y ...