About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Core Viewpoint - Morgan Stanley is preparing to report its first-quarter earnings, with expectations for earnings per share at $1.66 and revenue at $14.41 billion, amidst challenges in wealth management due to high interest rates [1][2]. Group 1: Earnings Expectations - Expected earnings per share: $1.66 [1] - Expected total revenue: $14.41 billion [1] - Breakdown of revenue expectations: - Wealth management: $6.65 billion [1] - Equities trading: $2.68 billion [1] - Fixed income trading: $2.37 billion [1] - Investment banking: $1.40 billion [1] Group 2: Market Context - High interest rates are driving wealth management customers to seek higher-yielding securities, impacting Morgan Stanley's performance [1]. - Competitors such as JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs have recently reported better-than-expected revenue and profit, indicating a potentially favorable environment for investment banking and trading [2]. Group 3: Regulatory Scrutiny - Analysts are expected to inquire about ongoing investigations by multiple U.S. regulators regarding Morgan Stanley's client screening processes in its wealth management division [2].

The performance of Morgan Stanley’s (MS) trading business (constituting a significant portion of its top line) is not expected to have been impressive in the first quarter of 2024, due to lower market volatility. Thus, the company’s trading numbers are not likely to have provided much support to its quarterly results, slated to be announced before the opening bell on Apr 16.Client activity was decent in the quarter. The expectations of a soft landing of the U.S. economy, a gradually cooling inflation and cl ...

Morgan Stanley offices at Canary Wharf financial district on 6th February 2024 in London, United ... [+] Kingdom. Morgan Stanley is an American multinational investment management and financial services company. (photo by Mike Kemp/In Pictures via Getty Images)In Pictures via Getty ImagesMorgan Stanley’s stock (NYSE: MS) has lost approximately 7% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock price decreased 5.2% yesterday vs a 0.74% increase in the broader index. Not ...

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, ...

Key TakeawaysMorgan Stanley shares dropped by more than 5% Thursday after reports that regulators were probing the investment bank's wealth arm.The probes center around how the bank vets prospective clients who are at high risk of money laundering.Monitor if the Morgan Stanley share price can hold above a zone of support situated between a horizontal trendline and the 200-day moving average located from $83 to $85. Morgan Stanley (MS) shares slipped more than 5% Thursday after The Wall Street Journal report ...

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 ...

Core Viewpoint - Morgan Stanley's wealth management division is under investigation by multiple regulators regarding its client identity verification and monitoring practices [1][1][1] Regulatory Involvement - The investigation involves the Securities and Exchange Commission, the Office of the Comptroller of the Currency, and other offices within the Treasury Department [1][1][1] Key Issues Under Investigation - The main focus is on whether Morgan Stanley has adequately investigated the identities of prospective clients and the sources of their wealth [1][1][1] - Additional scrutiny is directed towards the bank's monitoring of financial activities, particularly concerning international clients [1][1][1] Market Reaction - Following the news, Morgan Stanley's shares experienced a decline of 4.5% on Thursday [1][1][1]