Morgan Stanley (MS) has planned to lay off hundreds of workers from its wealth management (WM) division, a move that is expected to impact less than 1% of the unit’s employees. The news was first reported by the Wall Street Journal, citing a person with knowledge of the matter.The move comes as the investment banking giant, like several other Wall Street firms, seeks to reduce costs amid economic uncertainty and concerns regarding the trajectory of interest rate cuts by the Federal Reserve.Morgan Stanley ha ...

Few stocks are able to double in value over a single year, yet that's exactly what Nu Holdings (NU 4.54%) did in 2023 when shares zoomed from $3.50 to more than $8. The run may not be over. Nu stock was recently listed as one of Morgan Stanley's favorite stocks of 2024, with 95% potential upside based on analyst projections.Nu stock has proven it can grow rapidly over short periods of time, but is there really another 95% in upside this year?It's not hard to be bullishThere are a lot of reasons to love Nu s ...

TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand.TSMC, which is the world's largest producer of advanced processors, manufactures chips for companies such as Nvidia and Apple.Morgan Stanley increased the price target on the U.S. chip gi ...

Morgan Stanley will reportedly slash several hundred bankers in its wealth management division in a cost-saving measure implemented by the Wall Street firm’s new CEO Ted Pick.The company plans to cut managing directors as well as other non-customer-facing employees, according to The Wall Street Journal, which was the first to report the planned layoffs.The anticipated cuts are expected to impact less than 1% of a division that has roughly 40,000 workers, according to The Journal.The layoffs are the first ma ...

Morgan Stanley is cutting hundreds of wealth-management positions, including some managing directors, in one of new Chief Executive Ted Pick’s first major moves since taking over six weeks ago, according to a source familiar with the bank. The layoffs mark an effort by Morgan Stanley MS to contain costs. They will impact less than 1% of the roughly 40,000 employees in the marquee investment bank’s wealth-management unit but won’t include key client-facing staff, the source said. Morgan Stanley will begin to ...

Morgan Stanley (MS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this investment bank have returned -3.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Financial - Investment Bank industry, to which Morgan Stanley belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?Al ...

Short-sellers are stacking up to bet against troubled German bank Deutsche Pfandbriefbank (PBB) over worries about its exposure to US commercial property. Almost 8% of the company’s shares were being shorted, according to the Federal Gazette. Last week, PBB Issued a statement reassuring investors about its final position after one of its main shareholders cut its holding. Morgan Stanley (NYSE:MS) also advised clients to reduce holdings in the bank's bonds due to its US exposure. PBB has become a pinch point ...

NEW YORK--(BUSINESS WIRE)--E*TRADE from Morgan Stanley today announced multiple top honors from StockBrokers.com's 2024 Online Broker Review. E*TRADE earned 5 out of 5 stars overall and was ranked the #1 Investor App for the second year in a row, and the #1 Web Trading Platform for the 12th year in a row. E*TRADE also received “Best in Class” distinctions in 15 categories: Overall: Best in Class 14 years running Mobile Trading Apps: Best in Class 12 years running Platforms & Tools: Best in Class two ...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today is hosting its largest global Demo Day, with 23 participating companies from North America and Europe, the Middle East and Africa (EMEA). Cohort companies will pitch over 300 investors, as well as potential business partners and customers. Over the past five months, the Morgan Stanley Inclusive Ventures Lab has supported its ninth cohort of technology-enabled startups in the seed to Series A funding round stage. The intensive accelerator program ...

Michael M. Santiago Morgan Stanley (NYSE:MS) has been a poor performer over the past year, missing out on the strong stock market rally and instead declining by 12%. That said, since recommending shares in October, MS has returned about 19%, validating my buy rating. In January, shares did reach my $93 price target, but investor reaction to its most recent earnings report has been mixed, causing a pullback. With a new CEO at the helm, it is timely to revisit whether shares are still a “buy.” I remain bu ...