Morgan Stanley (MS)
| Previous close | 51.77 |
| Open | 52.25 |
| Bid | 51.52 x 1100 |
| Ask | 51.87 x 900 |
| Day's range | 51.54 - 52.61 |
| 52-week range | 27.20 - 57.57 |
| Volume | 11,040,709 |
| Avg. volume | 10,773,993 |
| Market cap | 90.692B |
| Beta (5Y monthly) | 1.43 |
| PE ratio (TTM) | 8.77 |
| EPS (TTM) | 5.92 |
| Earnings date | 14 Jan 2021 - 18 Jan 2021 |
| Forward dividend & yield | 1.40 (2.70%) |
| Ex-dividend date | 29 Oct 2020 |
| 1y target est | 59.63 |
- Simply Wall St.
There's A Lot To Like About Morgan Stanley's (NYSE:MS) Upcoming US$0.35 Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
- Bloomberg
Creditors Blast Argentina for Post-Restructuring Bond Blowup
(Bloomberg) -- Two of Argentina’s largest creditor groups excoriated the government for mismanaging the economy, saying the country was headed for disaster just seven weeks after restructuring $65 billion in debt.The investors urged policy makers and the International Monetary Fund to do their part to set the stage for an economic recovery. They said in a joint statement that the government’s foreign-exchange policy was curbing exports and making it difficult to build foreign reserves.“Instead of heralding a re-opening of access to markets to support Argentina’s manifest investment needs, the aftermath of the debt restructuring is a virtual wasteland for Argentine credit,” members of the Argentina Exchange Bondholders group and the Argentina Creditor Committee wrote. “Creditors have already played their part, providing a historic opportunity to Argentina for a fresh start. It is now up to Argentina and the IMF to play theirs.”Gross domestic product is poised to contract almost 12% this year, its worst one-year decline on record. Inflation is running at more than 35%, and the unemployment rate is the highest in more than a decade.“The statement does not represent the position of most creditors,” Economy Minister Martin Guzman said in a radio interview on Friday. “It was from a minority group. I received messages from larger groups of creditors distancing themselves from them and showing a different attitude toward corporate and social responsibility.”The creditors said that Argentina’s money printing to pay for fiscal spending has damaged investor confidence at home and abroad, and that its policies were exacerbating the economic toll of the pandemic.Argentina is still battling one of the region’s worst Covid outbreaks, and figures continue to climb at an alarming pace as the respiratory disease spreads further outside the capital Buenos Aires into other provinces which now represent 65% of cases.Since the restructuring, Argentina has tightened restrictions to keep companies from using dollars to pay debt, raised taxes on dollar purchases for savers, increased some local interest rates and cut levies on agriculture exports. Still, the central bank is bleeding dollars and profligate spending means the country is running the highest deficit in at least three decades.The country’s bonds have fallen more than 24% since they were issued at the beginning of September, and Morgan Stanley has called it the worst rout in the aftermath of a restructuring in at least 20 years.That said, the creditor groups have no specific leverage they can use to extract policy changes from the government. Argentina does not have major payments on the restructured debt before 2023, so there’s little risk of default over the next couple of years.Even after Argentina won about $38 billion in debt relief in the restructuring, foreign reserves have dipped to a four-year low and the gap between the official and unofficial foreign exchange rates is at its widest in over 30 years.President Alberto Fernandez has said he has no plans to devalue the currency.(Updates with latest bond prices in ninth paragraph. A previous version of this story was corrected to reflect that Argentina has some coupon payments before 2023 in the tenth paragraph and to correct the spelling of Morgan Stanley in the ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Ant’s IPO Lures Fidelity, T. Rowe Price, UBS Asset
(Bloomberg) -- T. Rowe Price Group Inc., UBS Asset Management and FMR LLC, the parent of Fidelity Investments, are among the money managers angling for a piece of Ant Group Co.’s blockbuster initial public offering, a person familiar with the matter said.Each of the firms is considering investments worth several billion dollars in Ant’s Hong Kong-listed shares, though they’ve yet to finalize plans and there’s no guarantee they’ll get an allocation, the person said, asking not to be identified discussing private information.Ant is expected to start taking orders for the Hong Kong portion of its dual listing on Oct. 26 and price shares as soon as Oct. 29, people familiar with the matter said. The company may raise about $35 billion in Hong Kong and Shanghai combined, plus another $5 billion after it exercises so-called greenshoe options, the people said, adding that the numbers and timeline are subject to change. That would give Ant a valuation of around $320 billion, making it bigger than JPMorgan Chase & Co.Ant, T. Rowe Price and UBS Asset declined to comment. FMR didn’t immediately respond to an emailed request.Jack Ma’s Chinese fintech giant is one of the most hotly anticipated IPOs in years, on course to make history by surpassing Saudi Aramco’s record $29 billion share sale in 2019.Singapore’s sovereign wealth fund GIC Pte, Temasek Holdings Pte and China’s $318 billion National Council for Social Security Fund are also jockeying for a slice of the deal, people familiar with the matter said earlier this month, as are myriad other investment firms and thousands of mom-and-pop traders in China and Hong Kong. Alibaba Group Holding Ltd. will also buy new Ant shares to maintain its ownership stake at around 32%.Read more: As IPO Looms, All You Need to Know About Jack Ma’s Ant GroupAnt will price the Shanghai portion of its listing on Oct. 27 and allow subscriptions on Oct. 29, it said in a prospectus published Wednesday. That means investors will have to commit to the deal just days before a U.S. presidential election that could have ramifications for both Ant’s overseas expansion plans and investor risk-appetite generally. Shares will almost certainly start trading only after the U.S. vote on Nov. 3.Ant has recently added CCB International as a joint global coordinator for the IPO in Hong Kong, a person familiar said. The deal will have eight joint book runners, including recent addition Mizuho Financial Group Inc., the person said.Mizuho declined to comment and CCB didn’t immediately reply to an e-mailed request.Ant has picked China International Capital Corp. and CSC Financial Co. to lead its Shanghai leg of the IPO. CICC, Citigroup Inc., JPMorgan and Morgan Stanley are heading the Hong Kong offering.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
