Morgan Stanley looks to move jobs to cheaper cities in bid to cut costs

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UBS Cuts Price Target Following Goldman Sachs' (GS) 4Q

January 21, 2016 10:26 AM EST

UBS maintained a Neutral rating on Goldman Sachs (NYSE: GS), and cut the price target to $165.00 (from $190.00), following the company's 4Q. Given balance sheet management, GS estimates its Method 2 GSIB surcharge declined to 2.5%, which came at little financial impact.

Analyst Brennan Hawken... More

UBS Remains Bullish as Morgan Stanley (MS) Provides Clarity on FICC Business Restructuring

January 20, 2016 9:36 AM EST

UBS maintained a Buy rating on Morgan Stanley (NYSE: MS), and cut the price target to $34.00 (from $42.00), following the company's 4Q earnings report. UBS lowered estimates by 16c to $3.00 per share in 2016, and by 12c to $3.40 per share in 2017, driven by lower FICC revenues and higher credit headwinds, partially offset by greater expense discipline. Going... More