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 ...

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 -5.8% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Financial - Investment Bank industry, to which Morgan Stanley belongs, has lost 2.6% over this period. Now the key question is: Where could the stock be headed in the near term?Whil ...

The fast-paced growth of the generative artificial intelligence (AI) sector has put it on course to start consuming the same amount of electricity each year by 2027 as was used by the entirety of Spain in 2022, new modeling by Morgan Stanley shows. The rapid expansion of the Generative AI industry is set to see its power usage grow at rates of 70% each year, from under 15 terawatt hours (TWh) in 2023 to heights of 224 TWh by 2027 – in sums close to the 230 TWh used by all of Spain throughout 2022. Morgan St ...