Morgan Stanley chief analyst Mike Wilson, who correctly predicted Wall Street’s first-half plunge, is warning investors to hold back on stocks despite the market’s rally in response to yesterday’s Fed decisions. According to Wilson, who spoke to CNBC after yesterday’s Wall Street jump, Wall Street’s excitement over the idea that the Fed will begin to […]
Tag: Morgan Stanley
Is the worst over for stocks or not? Morgan Stanley and JPMorgan disagree
The deep uncertainty of the investment environment was underscored by reports from top Wall Street strategists, who were divided on their estimates of the path the stock market will take in the second half of the year, amid uncertainty over the Fed’s stance in the shadow of deterioration of economic data. In particular, while analysts […]
Morgan Stanley: Wall deeper into the red even if recession is avoided
Stocks on Wall Street will likely see another slide even if the US economy manages to avoid recession, is Morgan Stanley’s assessment of the US market. “The bullish rally (as of last Friday) may continue, but don’t think this bear market is over, even if we avoid a recession – a scenario that is increasingly […]
Morgan Stanley: Second quarter earnings below expectations
Morgan Stanley reported earnings that fell short of analysts’ estimates for the second quarter of the year, as a decline in deals amid rising volatility hit investment banking revenue. Specifically, the investment bank reported earnings of $2.4 billion, or $1.39 per share, for the quarter ended June 30, compared with $3.4 billion, or $1.85 per […]
Morgan Stanley: ‘Cuts’ target prices for Greek banks by 20%-30%
Morgan Stanley made a significant reduction in the target prices of Greek banks, due to its higher estimates for the cost of equity capital due to the increase in Greek government bond spreads as well as the weaker macroeconomic outlook. Thus, for Alpha Bank the new target price is lower by ~30% to 0.95 euros […]
Morgan Stanley: Predicts recession in the eurozone in the last quarter
Morgan Stanley expects the eurozone to enter a recession in the second quarter of the year amid reduced energy supplies from Russia. In a report published on Wednesday, Morgan Stanley economists write that the economy will shrink for two quarters before returning to recovery in the second quarter of next year, mainly due to increased […]
Morgan Stanley: ECB to activate PEPP flexibility and buy Greek and Italian bonds
Her Eleftherias Kourtali Morgan Stanley estimates that the most likely scenario is for the ECB to announce today more details about PEPP’s reinvestment program and emphasize their flexibility by starting the Italian and Greek bond markets, rather than a new tool. However, it is not certain that this will be enough to finally address the […]
Twitter: Adopts ‘poison pill’ plan against Musk’s aggressive offer
Twitter has adopted a short-term plan for shareholders’ rights, often referred to as a “poison pill”, a day after billionaire Elon Musk made a aggressive $ 43 billion takeover bid, Twitter announced on Twitter. Friday, according to CNBC. It is noted that the technique of “poison pills” is a maneuver aimed at preventing an attempt […]
Morgan Stanley: Greek banks are recovering
Her Eleftherias Kourtali Greek banks are still recovering from the effects of the war in Ukraine, according to Morgan Stanley, following discussions with management at a recent conference. Investment demand for loans has remained strong since the beginning of the year, with no visible signs of deteriorating asset quality at present, according to bank executives. […]
The Impact on Markets of a War in Ukraine – Estimates by Goldman Sachs, Deutsche Bank, Morgan Stanley and Capital Economics
Her Eleftherias Kourtali While until recently the main scenario of the big investment houses was that there would be a diplomatic solution to the Ukrainian issue, the latest developments place the conflict in Ukraine as one of the big and possible risks this time. So Capital Economics, Goldman Sachs, Deutsche Bank and Morgan Stanley are […]