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Meet Scott Devitt: Morgan Stanley's Facebook Analyst Who Takes The Bus To Work
Scott Devitt has long stood out for being cautious in a world of Internet bulls. In the more than 12 years that he has covered Internet companies as a Wall Street analyst, Devitt has developed a...
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Morgan Stanley CEO James Gorman Says Facebook Investors Should Just Be Patient
Morgan Stanley's chairman and CEO James Gorman spoke with Maria Bartiromo today on CNBC's "The Closing Bell" following the Facebook IPO fiasco. The main takeaway is that Gorman is defending his bank's...
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Once Again, The Axe Is Falling For Some Of The Top Positions On Wall Street
Will all ever be well again on Wall Street? Not anytime soon. After a brutal year of layoffs in the financial industry last year, the axe is starting to fall again this year. In the last week, Goldman...
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Morgan Stanley Is Getting Its Lunch Eaten In A Sector It Used To Dominate
On Wall Street, when you lose, you don't just lose money, you lose respect. That's why, when we talk about these losses, we say things like 'getting your lunch eaten, or getting your face ripped off.'...
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A Former Morgan Stanley President Is Selling His Breathtaking Castle-Like...
Blair and Kristin Richardson are selling their summer home in Alberta, Canada, and we certainly hope you're ready for it. The estate sits on over an acre of land in a gated community, and is...
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Morgan Stanley Is Killing 'Smith Barney' — Here's The Story Of How It Died
Morgan Stanley Smith Barney is changing its name to Morgan Stanley Wealth Management, effectively ending the Smith Barney brand that has been alive in some form since 1873, aside from a brief period...
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Did Morgan Stanley's CEO Just Utter His Famous Last Words? (MS)
Back in February, Moody's warned that Morgan Stanley could face a massive three-notch downgrade. According to its own estimates, Morgan Stanley would have to put up additional collateral and make...
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Hey, Congress, While You're Beating Up Jamie Dimon, Don't Forget Who's Really...
Right now, Congress is doing what Congress does best: Asking tough questions in televised hearings so that America thinks Congress might actually be doing something. Of course, Congress doesn't...
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Morgan Stanley Just Got Booted From The Manchester United IPO
Morgan Stanley has dropped from the IPO of England's Manchester United football team, Reuters reported. The coveted "lead-left" spot on the IPO has gone to Jefferies, who will oversee the $1 billion...
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Morgan Stanley: Greek Elections May Have Caused Permanent Damage To The Euro
Morgan Stanley senior European economist Daniele Antonucci writes in a note today that while the results of Sunday's Greek election may provide temporary relief, internal politics will weigh on...
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New Details On How Wall Street Stuffed Facebook Stock Into Small Investor...
In the week following Facebook's IPO, it gradually became clear what had happened: In the middle of the IPO roadshow, the company told analysts at the IPO underwriters to cut their estimates for...
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Morgan Stanley: 'Time To Buy Corn' (CORN)
When last we check in on corn, the USDA had announced the second-largest corn planting season ever, sending prices into a tailspin. Today, Morgan Stanley's Hussein Allidina says a rebound is imminent....
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8 Top Wall Street Economists Preview Today's FOMC Meeting
In just a few hours, the Federal Reserve led by Chairman Ben Bernanke will conclude its Federal Open Market Committee meeting and publish is decision on monetary policy. The sentiment on Wall Street...
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Here's Why Everyone Is Freaking Out About Morgan Stanley's Downgrade More...
Moody's will downgrade 17 banks today, so everyone's freaking out as expected. That said: You may have noticed that a special kind of freak out has been reserved for Morgan Stanley. Why? You already...
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Morgan Stanley Avoids Disaster By A Hair — Here's How Wall Street's Doing...
Moody's just handed out downgrades to 17 banks around the world, and now we're dealing with the aftermath. For Wall Street, it could've been worse. All eyes were on Morgan Stanley because they...
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MORGAN STANLEY: It Wasn't A 3-Notch Downgrade, But The 2-Notch Downgrade Is...
Morgan Stanley's instant reaction to Moody's 2-notch downgrade of the bank: While Moody’s revised ratings are better than its initial guidance of up to three notches, we believe the ratings still do...
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Morgan Stanley's Twitter Feed Is A Wall Street Game Changer
Twitter is rapidly becoming Wall Street's favorite source of breaking news and first analysis. Bloomberg's Tom Keene recently had this to say about the "Twitter Vigilantes": "The Internet-first crew...
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Morgan Stanley Is Letting Their Advisors Tweet Now, But There's A Catch
According to the Financial Times, 18,000 Morgan Stanley financial advisors are entering the twitter-sphere. That's right, after over a year of trials and risk analysis, where 600 Morgan Stanley...
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Wow—Facebook Has Completely Sandbagged Estimates—Get Ready For An "Upside...
Remember the selective disclosure problem before Facebook's IPO? That was when Facebook cut its earnings outlook during the IPO roadshow but only told big institutional investors about it....
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MORGAN STANLEY: America's Droughts Will Cause Agriculture Stocks To Boom...
Morgan Stanley's Vincent Andrews and Ted Drangula make a pretty good — and at some times funny — case that agricultural stocks, especially Potash and Mosaic are set to boom thanks to imminent,...
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