NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (“MSDL”), a business development company externally managed by MS Capital Partners Adviser Inc., today announced that it has commenced an initial public offering of 5,000,000 shares of its common stock, par value $0.001 per share (the “Common Stock”). The estimated price for the offering is $20.67 per share of Common Stock. MSDL is expected to list its Common Stock on The New York Stock Exchange under the symbol “MSDL.” The underwriters are expec ...

Morgan Stanley (NYSE:MS) Q4 2023 Earnings Conference Call January 16, 2024 8:30 AM ET Company Participants Ted Pick - CEO Sharon Yeshaya - CFO Conference Call Participants Glenn Schorr - Evercore Dan Fannon - Jefferies Ebrahim Poonawala - Bank of America Steven Chubak - Wolfe Research Devin Ryan - JMP Securities Christian Bolu - Autonomous Research Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Operator Good morning. On behalf of Morgan Stanley, I will begin the call with the following disclaimer. ...

Morgan Stanley’s (MS) fourth-quarter 2023 adjusted earnings of $1.13 per share handily surpassed the Zacks Consensus Estimate of $1.05. The bottom line compared unfavorably with $1.26 per share earned in the prior-year quarter.After considering the FDIC special assessment charge and legal charges related to a specific matter, earnings per share (GAAP) was 85 cents in the reported quarter.Shares of the company gained 1.3% in the pre-market trading on better-than-expected results. However, a full day’s tradin ...

Bank earnings -- and earnings season in general -- kicked off on Friday and continued to start the holiday-shortened week. In focus today are Morgan Stanley (NYSE:MS) and PNC Financial Services Group Inc (NYSE:PNC), with their stocks making moves in opposite directions. MS is down 1.7% to trade at $88.14, after the company's adjusted fourth-quarter earnings of $0.85 cents per share fell short of the consensus estimates of $1.01 per share. The whiff comes after Morgan Stanley was hit with $286 million in spe ...

Morgan Stanley (MS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.62%. A quarter ago, it was expected that this investment bank would post earnings of $1.27 per share when it actually produced earnings of $1.38, delivering a surprise of 8.66%.Over the last four quarters, the compa ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Shares of Morgan Stanley MS, -0.89% climbed 1.3% in premarket trading Tuesday, after the bank and broker missed profit expectations because of special one-time charges, but beat revenue forecasts by a wide margin, boosted by strength in its investment banking business. Net income dropped 32.2% to $1.52 billion, or 85 cents a share, to miss the FactSet consensus of $1.07. The results included charges of 28 cents a share related to an FDIC special assessment and a legal charge. Revenue grew 1.2% to $12.9 bil ...

Morgan Stanley (NYSE: MS), on January 16th, reported a 32% annualised decline in its fourth-quarter profit related partially to weakness in institutional securities. Morgan Stanley beats revenue estimatesCopy link to sectionThe financial services behemoth saw its net income come in at $1.50 billion – down about 37% versus the previous quarter. On a per-share basis, Morgan Stanley earned 85 cents a share in Q4. Ted Pick – its chief executive said in a press release today:We begin 2024 with a clear and consis ...

In this articleThe Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.Morgan Stanley reported fourth-quarter earnings before the bell Tuesday.Here's how the bank did compared with Wall Street expectations:Earnings per share: 85 cents, may not compare with $1.01 expected, according to LSEGRevenue: $12.90 billion, vs. $12.7 billion expected, according to LSEG Ted Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank's Wall Street operations,  succeeded James Gorman as C ...

With U.S. equities set to perform very well in 2024, many more companies are likely to sell additional stock in themselves to the public. Meanwhile, the number of initial public offerings should also jump. Since Morgan Stanley (NYSE:MS) generates a great deal of its revenue from underwriting such deals, MS stock should get a big lift from these developments. Additionally, interest rates are poised to drop in 2024, causing bonds to climb and benefiting Morgan Stanley’s fixed income business. The improved rat ...