The head of trading at Morgan Stanley just confirmed Wall Street's worst fear
Ted Pick, the global head of sales and trading at Morgan Stanley, just confirmed Wall Street's worst fear: It has been a horrible first quarter in trading.Pick was speaking at the Credit Suisse...
View ArticleHere's why Morgan Stanley's trading head decided to cut 25% of his...
Morgan Stanley took a knife to its fixed-income business late last year.The bank cut 25% of its workforce in that department, replaced its leadership, cut bonuses, and slashed the assets it tied up in...
View ArticleMorgan Stanley is paying a huge fine for a pre-crisis 'magic' trick
Morgan Stanley is paying a huge settlement related to residential mortgage-backed securities, or RMBS, sold before the financial crisis.New York Attorney General Eric Schneiderman on Thursday announced...
View ArticleUBS has made a big hire in fixed income
Scott Francoeur, the former head of emerging markets credit sales at Morgan Stanley, has joined UBS.A spokeswoman for UBS confirmed that he joined the bank as head of emerging markets distribution for...
View ArticleMorgan Stanley's top equity strategist says clients should have done the...
Morgan Stanley's Adam Parker still isn't sure what is going on in the markets.Parker has some of the most blunt and honest writing we read from Wall Street.Coming into 2016, he basically told clients...
View ArticleHere's the explanation for Morgan Stanley's 'Bizarro World' note, which asks,...
Morgan Stanley analyst Adam Parker and his team just sent the strangest note to investors. Its title is "Bizarro World and The Bull Case Is No One Has a Bull Case."It gets weirder from there."Are we on...
View ArticleHedge funds were buying Morgan Stanley in Q4
NEW YORK/BOSTON (Reuters) - Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank's cost-cutting...
View ArticleA star Wall Street banker who breaks the mold reveals her 3 pieces of advice...
When Morgan Stanley's Carla Harris offers up advice, you definitely want to listen.Harris is the vice chairman for global wealth management and a senior client advisor for Morgan Stanley.A former...
View ArticleMorgan Stanley's top equity strategist recommends investors do the opposite...
Stocks, crude oil, and high-yield credit have all made a comeback in recent days. This has improved sentiment on Wall Street compared to earlier this year when everything was selling off.But in a note...
View ArticleMORGAN STANLEY: Brexit would cause 'contagion' across Europe
With the official date for the UK's referendum about whether or not leave the European Union now set, the debate has been steadily gaining more and more attention in recent weeks. Everyone from...
View ArticleOne chart shows how catastrophic Brexit could be for the European economy
Brexit — the nickname given to Britain's potential exit from the European Union — is one of the most contentioius issues in the UK, with arguments from both 'In' and 'Out' camps dominating the news in...
View ArticleMORGAN STANLEY: Brexit would cause 'contagion' across Europe
With the official date for the UK's referendum about whether or not leave the European Union now set, the debate has been steadily gaining more and more attention in recent weeks. Everyone from...
View ArticleMORGAN STANLEY: The dollar will rally another 10% before this 'super cycle'...
The US dollar has been on a tear since bottoming at 93.73 on July 26, 2011.On a trade-weighted basis, the greenback has rallied 30% over the past four and a half years, establishing its third "super...
View ArticleWall Street banks are undergoing an important shift with $62.2 billion...
(Reuters) - Big Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better shape, are now trying to sell technology they've developed in-house to...
View ArticleThis chart shows why department stores like Macy's, Sears, and JCPenney are...
Traditional mall retailers are struggling.Morgan Stanley recently executed a study regarding the state of specialty retail over the past ten years.Below is a chart that illustrates the number of years...
View ArticleThese 4 retailers are crushing the industry
The retail industry is struggling.But Morgan Stanley recently executed a study, highlighting which retailers are winning — and which are losing. Morgan Stanley considered eleven factors and took them...
View ArticleThe 4 worst-performing apparel retailers in the industry (KSS, ANF, JCP)
Several retailers are floundering.Morgan Stanley recently ranked retailers based on performance.Morgan Stanley considered eleven factors and took them into account for over the past...
View Article5 top Wall Street bankers explain why the IPO market has dried up — and when...
Times are tough in the market for initial public offerings.2016 has seen the fewest IPO deals, and lowest deal value, since the gloomy post-financial-crisis days of 2009.There have been just nine IPOs...
View ArticleANALYST: Tesla's Model 3 won't be as cheap as you think — at least at first...
Tesla is days away from the much anticipated unveiling of the prototype of its Model 3 electric vehicle.Ahead of the kick-off, Morgan Stanley auto analyst Adam Jonas outlined expectations for the...
View ArticleA star Morgan Stanley banker shares her best career advice for women
Carla Harris doesn't normally give gender-specific advice to young people.But there is one point that the Morgan Stanley dealmaker, who is now vice chairman for global wealth management, emphasizes...
View Article