Hints and tips:
...In the last note we discussed Project 2025’s blueprint for the next Republican administration and pointed out that there was no such plan in 2017 because Trump’s victory caught movement conservatives by...
...Gorman has suggested Morgan Stanley could find more opportunities outside the US, potentially by making further acquisitions following on from its deals for ETrade and Eaton Vance....
...“The picture underneath tech has been very mixed,” said Aaron Dunn, co-head of value equity at Eaton Vance Equity....
...S&P Global’s US composite purchasing managers’ index was the trigger for the sell-off....
...Even the JD Vance version of Appalachia is ‘we’re too lazy to get out of our rut’ . . . He’s so blind to the history.”...
...Morgan Stanley’s stock closed 5.1 per cent lower on Friday, more than double the 2.4 per cent drop for the S&P 500....
...But Parametric, owned by Morgan Stanley following the bank’s acquisition of Eaton Vance, is betting that the stability that has set in across a range of asset classes recently can prevail....
...Vance said that “the matters you refer to are, I understand, open investigations”, but declined to comment further. Vance was succeeded as Manhattan DA by Alvin Bragg last month....
...“The question is what comes next,” said JD Vance, the author and venture capitalist running for a Senate seat in Ohio. “We either have [a] Republic or we don’t....
...Mary Vance, an executive director of an international digital healthcare business, confesses that early in her career she had a “real problem” with crying at work, and reflects on how important it is to...
...US stocks retreated, led by a sell-off in tech, with the Nasdaq Composite ending the day down 3.2 per cent and the S&P 500 shedding 1.6 per cent....
...The S&P 500 closed up 3 per cent, its largest one-day gain since May 2020, following Powell’s comments....
...“Any waterfall of payments in a situation of insolvency or restructuring would require addressing the priority of different claims,” said Abigail Klimovich, an analyst at S&P Global Ratings....
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
...It is the 10th largest player in the sector, well behind the controlling oligopoly of MSCI, S&P Dow Jones Indices and FTSE Russell....
...Morgan Stanley last year acquired Eaton Vance for $7bn, a deal that included the Parametric unit which oversees customised client portfolios worth more than $300bn....
...As part of investment group Eaton Vance, Parametric was acquired by investment bank Morgan Stanley last year in a deal that kickstarted a flurry of activity....
...In spite of a strong rally in share prices, the sector trades at a still low 13.2 times the earnings-per-share estimate for the next 12 months, and below the broad S&P 500’s 22.2 times, according to KBW....
...Morgan Stanley’s chief executive, James Gorman, will receive $33m in total compensation for 2020, a 22 per cent increase over 2019’s $27m....
...The S&P 500 snapped a five-day winning streak to close lower by 0.2 per cent, while the Nasdaq Composite eked out a small gain. It rose by 0.1 per cent....
...The bank’s stock has more than doubled from its pandemic low a year ago and is up 18 per cent this year, outpacing the 11 per cent rise in the S&P 500....
...Its shares have risen 20.4 per cent this year as the eight-member S&P Asset Management index has dropped 3.4 per cent....
...Moody’s and S&P Global Ratings gave Grab ratings of B3 and B minus, respectively, with stable outlooks....
...The S&P 500 had its largest drop since October, closing the day down 2.6 per cent. Treasuries, meanwhile, rallied....
...This would be a hefty premium to the market given that the S&P 500 Financials sector is currently trading at only 17.1 times net earnings....
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