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Morgan Stanley

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111 stories mentioning Morgan StanleyUpdated 20h ago

Morgan Stanley projected SpaceX's revenue could reach $3.4 trillion by 2040 with adjusted EBITDA topping $2.7 trillion.

Sectors

Sector Update: Financial

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.7%.The Philadelphia Housing Index was shedding 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.6%.Bitcoin (BTC-USD) was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points to 4.509%.In corporate news, Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 2%.

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Wire

Top Midday Stories: Treasury Authorizes Sale of Iranian Oil; SpaceX launches First Inaugural Bond Issuance

The Nasdaq Composite and S&P 500 were down, while the Dow Jones Industrial Average was up in late-morning trading Monday, as market participants assess the latest developments in negotiations between the US and Iran.The US Department of the Treasury on Monday said it has issued a general license authorizing the production, delivery, and sale of crude oil, petrochemical products and petroleum products of Iranian origin through Aug. 21.In company news, SpaceX (SPCX) has commenced its first offering of senior unsecured notes, the proceeds of which will be used to repay outstanding borrowings under its bridge loan facility and to pay related fees and expenses, the company said Monday in a regulatory filing. The remainder of the proceeds will go toward general corporate purposes, the filing said. Separately, SpaceX has signed a roughly $6.3 billion computing power agreement with Reflection AI, CNBC reported, citing materials it viewed. Under the deal, Reflection will get access to Nvidia (NVDA) GB300s and will pay SpaceX $150 million per month from July 1 through 2029, the report said. SpaceX shares were down 8.7% around midday, while Nvidia eased 0.3%.AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) for $135.11 per share in cash for a total equity value of $10.9 billion, the companies said Monday. The acquisition includes Apogee's pipeline of multiple clinical-stage drug candidates for inflammatory and immunological diseases, they said. The deal is expected to close in Q3. AbbVie shares were up 5.9%, while Apogee shares were up 46.8%.Chevron (CVX) said Monday its Energy Forge One subsidiary has signed a 20-year power purchase agreement with Microsoft (MSFT) for a planned data center in West Texas to be operated by the tech giant. The data center, known as Project Kilby, is expected to eventually deliver about 2.67 gigawatts of capacity. Chevron shares were up 0.2%, while Microsoft was down 2.1%.Getty Images (GETY) said Sunday it has entered into a display agreement with OpenAI under which Getty content will be displayed within ChatGPT. Getty shares were up 110%.Meta Platforms (META) is investing $900 million in Cred, an Indian fintech startup, and it plans to appoint its founder, Kunal Shah, as the new leader of WhatsApp, Bloomberg reported Monday, citing a news release. Following the investment, Meta will own roughly 20% of Cred, which will be valued at $4.5 billion post-money, the report said. Meta shares were down 2.7%.Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a new large-scale operations hub, according to a city document. In the first phase, Morgan Stanley would invest about $96.9 million in real estate and business personal property improvements as part of a roughly 52-month lease of office space at a temporary location. For phase two, Morgan Stanley would invest about $684.2 million in real estate and business personal property improvements at a permanent location by the end of 2031. An additional estimated $650 million would then be expended by the developer/landlord to deliver the core and shell building at the permanent location, the document said. Morgan Stanley shares were up 1.7%.Price: $169.37, Change: $-15.64, Percent Change: -8.45%

$ABBV$APGE$CVX$GETY$META$MS$MSFT$NVDA$SPCX
Sectors

Sector Update: Financial Stocks Lower Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index easing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index gained 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.2%.Bitcoin (BTC-USD) fell 2.5% to $62,660, and the yield for 10-year US Treasuries rose 2 basis points to around 4.45%.In economic news, US initial jobless claims last week fell to 226,000 from an upwardly revised 230,000 in the previous week, compared with expectations for 225,000 in a survey of analysts compiled by Bloomberg.In corporate news, Bank of America (BAC) scored an early victory in its collateral battle with Aequum Capital Financial II after a US bankruptcy judge temporarily barred Aequum from distributing cash collected from bankrupt auto-parts supplier First Brands' inventory sales, Bloomberg reported, citing the ruling. Bank of America shares were down 0.3%.SpaceX (SPCX) bankers are planning a potential bond sale of at least $20 billion to refinance a $20 billion bridge loan maturing in September 2027, Bloomberg reported. Bank of America, Citigroup (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS), which provided the bridge financing, are expected to run the bond sale, the report said. Citi eased 0.2%, JPMorgan was down 2%, Goldman fell 0.4%, and Morgan Stanley was 0.5% lower.Apollo Global Management (APO) made some concessions regarding its debt refinancing for photo-services company Shutterfly in a bid to entice some unwilling investors, Bloomberg reported. Apollo shares fell 0.7%.Accenture (ACN) shares fell 17% after the company trimmed the top end of its full-year revenue outlook and posted weaker-than-expected fiscal Q3 sales, while announcing three cybersecurity acquisitions totaling about $4.18 billion.

$ACN$APO$BAC$C$GS$JPM$MS
Wire

Update: Market Chatter: SpaceX Bankers Planning At Least $20 Billion Bond Offering

(Updates with decline to comment from Goldman Sachs in fourth paragraph.)SpaceX (SPCX) bankers are planning a potential bond sale of at least $20 billion to refinance a $20 billion bridge loan maturing in September 2027, Bloomberg reported Thursday, citing sources with knowledge of the matter.Talks with investors could start on Monday, although plans and timing could change, the report said.Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS), which provided the bridge financing, are expected to run the bond sale, according to Bloomberg.Goldman Sachs declined to comment, while SpaceX and the other financial institutions did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $179.67, Change: $-12.15, Percent Change: -6.33%

$BAC$C$GS$JPM$MS$SPCX
Wire

Market Chatter: SpaceX Bankers Planning At Least $20 Billion Bond Offering

SpaceX (SPCX) bankers are planning a potential bond sale of at least $20 billion to refinance a $20 billion bridge loan maturing in September 2027, Bloomberg reported Thursday, citing sources with knowledge of the matter.Talks with investors could start on Monday, although plans and timing could change, the report said.Bank of America (BAC), Citigroup (C), JPMorgan Chase (JPM), Goldman Sachs (GS), and Morgan Stanley (MS), which provided the bridge financing, are expected to run the bond sale, according to Bloomberg.SpaceX and the financial institutions did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $176.81, Change: $-15.01, Percent Change: -7.83%

$BAC$C$GS$JPM$MS$SPCX
Sectors

Sector Update: Financial Stocks Edge Higher Pre-Bell Thursday

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% lower.Morgan Stanley (MS) stands to benefit from the planned initial public offering of the National Stock Exchange of India, Bloomberg reported. Shares of Morgan Stanley were up 1.1% premarket.Brookfield Business (BBUC) has agreed to sell its Multiplex Global subsidiary to Obayashi, the Japanese company said. Brookfield Business stock was up more than 2% pre-bell.HSBC (HSBC) has been ordered by Australia's Federal Court to pay a 35 million Australian dollar ($24.6 million) penalty after admitting to serious failures in protecting customers from scams, Australian Securities and Investments Commission said. HSBC stock was marginally lower premarket.

$BBUC$FAS$FAZ$HSBC$MS$XLF
Sectors

Sector Update: Financial

Financial stocks were edging higher pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.8% lower.Morgan Stanley (MS) stands to benefit from the planned initial public offering of the National Stock Exchange of India, Bloomberg reported. Shares of Morgan Stanley were up more than 1% premarket.

$MS
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were advancing in late Tuesday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.2%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was fractionally higher.Bitcoin (BTC-USD) was declining 1.6% to $65,553, and the yield for 10-year US Treasuries fell 4.3 basis points to 4.43%.In economic news, US import prices jumped 1.9% in May, ahead of the 1% increase expected in a Bloomberg-compiled survey and following a 2.0% gain in April. Excluding a 13% surge in petroleum prices, import prices were up 0.8% from 0.5%, beating the 0.5% forecast. Export prices climbed 1.3% in May, above expectations for 0.9% and following a 3.5% jump in April.The New York Federal Reserve's services index worsened to minus 10.1 in June from minus 5.8 in May. The index is the first services reading for June and suggests more widespread contraction.Redbook US same-store sales jumped 9.4% from a year earlier in the week ended June 13, after surging 9.1% in the previous week. Seasonal categories such as air conditioners, fans, pool and beach equipment, swimwear, and other hot-weather apparel led the growth, according to Redbook.In corporate news, Ares Management (ARES) is nearing a deal to take control of French football club Olympique Lyonnais, alongside businesswoman Michele Kang, Bloomberg reported. Ares shares rose 1.4%.L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the IPO of its missile unit Axyv, Bloomberg reported. JPMorgan shares gained 3.4%, and Morgan Stanley added 1.1%.BlackRock (BLK) is cutting about 200 jobs in its latest round of workforce reductions, Bloomberg reported. The layoffs, the fourth in 18 months, span investment, operations and technology roles, as well as positions within the firm's private financing unit, the report said. BlackRock shares advanced 0.8%.Robinhood (HOOD) said it reduced its workforce by about 10% as part of efforts to maintain a high-performance culture, accelerate product development. Robinhood shares fell 1.7%.

$ARES$BLK$HOOD$JPM$MS
Sectors

Sector Update: Financial Stocks Rise Tuesday Afternoon

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.3% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.4%.The Philadelphia Housing Index was gaining 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was declining 0.9% to $65,682, and the yield for 10-year US Treasuries was falling 4.1 basis points to 4.428%.In economic news, US import prices jumped 1.9% in May, ahead of the 1% increase expected in a Bloomberg-compiled survey and following a 2.0% gain in April. Excluding a 13% surge in petroleum prices, import prices were up 0.8% from 0.5%, beating the 0.5% forecast. Export prices climbed 1.3% in May, above expectations for 0.9% and following a 3.5% jump in April.The New York Federal Reserve's services index worsened to minus 10.1 in June from minus 5.8 in May. The index is the first services reading for June and suggests more widespread contraction.Redbook US same-store sales jumped 9.4% from a year earlier in the week ended June 13, after surging 9.1% in the previous week. Seasonal categories such as air conditioners, fans, pool and beach equipment, swimwear, and other hot-weather apparel led the growth, according to Redbook.In corporate news, L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the IPO of its missile unit Axyv, Bloomberg reported. JPMorgan shares rose 3.6%, and Morgan Stanley added 1.2%.Blackrock (BLK) is cutting about 200 jobs in its latest round of workforce reductions, Bloomberg reported. The layoffs, the fourth in 18 months, span investment, operations and technology roles, as well as positions within the firm's private financing unit, the report said. Blackrock shares advanced 1%.Robinhood (HOOD) said it reduced its workforce by about 10% as part of efforts to maintain a high-performance culture, accelerate product development. Robinhood shares fell 2%.

$BLK$HOOD$JPM$MS
Sectors

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 1.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.6%.The Philadelphia Housing Index was gaining 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was declining 0.9% to $65,682, and the yield for 10-year US Treasuries was falling 4.1 basis points to 4.428%.In corporate news, L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the IPO of its missile unit Axyv, Bloomberg reported. JPMorgan shares rose 3.8%, and Morgan Stanley added 1.3%.

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Wire

Update: Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO

(Updates with L3Harris Technologies' response in the last paragraph.)L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies declined to comment, while JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.19, Change: $+5.02, Percent Change: +1.65%

$JPM$LHX$MS
Wire

Market Chatter: L3Harris Technologies Selects JPMorgan, Morgan Stanley to Lead Axyv IPO

L3Harris Technologies (LHX) has selected JPMorgan Chase (JPM) and Morgan Stanley (MS) to lead the initial public offering of its missile unit Axyv, Bloomberg reported Tuesday, citing people familiar with the matter.A listing could raise as much as $2 billion and the company could go public as soon as next month, according to the report.More banks could also be added to the lineup, Bloomberg said.L3Harris Technologies, JPMorgan and Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $309.72, Change: $+5.55, Percent Change: +1.82%

$JPM$LHX$MS
Wire

Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports

Street Color: L3Harris Technologies Taps JPMorgan, Morgan Stanley for Missile Unit IPO, Bloomberg Reports

$JPM$LHX$MS
Wire

Corvex Names Christopher Chance Moreland Finance Chief

Corvex (MOVE) has appointed Christopher Chance Moreland as its chief financial officer, effective June 29, the company said Tuesday.Moreland most recently served as a managing director in leveraged and acquisition finance for Morgan Stanley (MS), Corvex said.Price: $19.45, Change: $+0.09, Percent Change: +0.46%

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Wire

Market Chatter: Morgan Stanley Projects SpaceX's Revenue Reaching $3.4 Trillion in 2040

Morgan Stanley (MS) sees SpaceX's revenue reaching $3.4 trillion in 2040, with the rocket maker's adjusted earnings before interest, taxes, depreciation and amortization topping $2.7 trillion in 2040, The Wall Street Journal reported Friday, citing people familiar with the matter.SpaceX, which expects to price its initial public offering at $135 per share and list under the symbol "SPCX," reported revenue of $18.67 billion and a loss of $4.94 billion in 2025, regulatory filings show.Research analysts at Morgan Stanley and Goldman Sachs (GS) have both forecasted SpaceX's revenue would reach nearly $160 billion in 2028, according to the report.Additionally, Goldman Sachs estimates SpaceX's revenue to exceed $470 billion in 2030, while Morgan Stanley projects it would reach nearly $330 billion, the report said.Morgan Stanley, Goldman Sachs and SpaceX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $211.99, Change: $-6.29, Percent Change: -2.88%

$GS$MS$SPCX
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Wednesday afternoon trading with the NYSE Financial Index decreasing 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index dropped 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) fell 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger.In the US, employment in the private sector increased more than expected in May, ADP data showed.The US services sector saw continued expansion in May, with Institute for Supply Management data showing a faster growth rate sequentially, while S&P Global (SPGI) pointed to a deceleration. Both surveys indicated elevated cost pressures and signs of weakness in the labor market.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. Morgan Stanley shares fell 2%.Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares fell 1.7%, and JPMorgan eased 0.2%.Pershing Square (PS) will sell 80.6 million Universal Music Group shares in an overnight placing as Bill Ackman's hedge fund looks to exit its position, Bloomberg reported. Pershing shares fell 3.6%.Hartford Insurance (HIG) agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion. Hartford shares fell 1%.

$GS$HIG$JPM$MS$PS
Sectors

Sector Update: Financial

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index was down 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was falling 2.5% to $65,538.2, and the yield for 10-year US Treasuries rose 3.6 basis points to 4.49%.In corporate news, Morgan Stanley (MS) will allow clients' AI agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell. The move would allow autonomous agents to pull data and insights directly from the platforms, bypassing traditional interfaces built for human users, Mitchell told CNBC. Morgan Stanley shares were down 1.9%.

$MS
Wire

Market Chatter: Morgan Stanley to Open Wealth Platforms to External AI Agents

Morgan Stanley (MS) will allow clients' artificial intelligence agents to connect directly to its stock administration platforms, ShareWorks and Equity Edge, CNBC reported Wednesday, citing Morgan Stanley at Work Chief Product Officer Mark Mitchell.The move would allow autonomous agents to pull data and insights directly from the platforms, bypassing traditional interfaces built for human users, Mitchell told CNBC.The bank has already granted early access to a handful of clients and plans to expand it to all 3,400 corporate administration clients by next year, Mitchell added, according to the report.Morgan Stanley did not immediately respond to a request for comment from.Rivals JPMorgan Chase (JPM) and Goldman Sachs (GS) are using AI agents internally but have yet to announce steps to open their systems to external agents, CNBC said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $211.14, Change: $-3.84, Percent Change: -1.79%

$GS$JPM$MS
Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.7%.Bitcoin (BTC-USD) was falling 2.4% to $65,724, and the yield for 10-year US Treasuries was rising 5 basis points to 4.497%.In economic news, the Organization for Economic Co-operation and Development lowered its global economic growth projection for 2026, cautioning that the fallout from the Middle East conflict may linger for some time even after its resolution.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 1.9%, and JPMorgan decreased 0.1%.Hartford Insurance (HIG) has agreed to sell its Hartford Funds unit to Wellington Management in a deal with a net present value of $1.9 billion, the companies said Wednesday. Hartford shares were down 0.7%.Deutsche Bank (DB) may set aside more money for loan losses than analysts expected in Q2, although provisions are expected to be lower than in the previous quarter, Bloomberg reported, citing CFO Raja Akram. Deutsche shares fell 3.3%.

$DB$GS$HIG$JPM$MS
Sectors

Sector Update: Financial

Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1%.The Philadelphia Housing Index was down 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.6%.Bitcoin (BTC-USD) was falling 1.2% to $65,838, and the yield for 10-year US Treasuries was rising 4 basis points to 4.495%.In corporate news, Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported. JPMorgan Chase (JPM) is also working on the deal, the report said. Goldman shares were down 1.8%, Morgan Stanley shed 2%, and JPMorgan decreased 0.3%.

$GS$JPM$MS

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