Morgan Stanley (MS) Archegos-Related Loss Appears to be $911M
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... MoreMorgan Stanley reveals $911 million Archegos loss as profit jumps
April 16, 2021 7:40 AM EDTBy Elizabeth Dilts Marshall and Noor Zainab Hussain
(Reuters) -Morgan Stanley lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying its 150% jump in first-quarter profit that was powered by a boom in trading and deal-making.
Morgan Stanley was one of several banks that had exposure to Archegos, which defaulted on margin calls late last month and triggered a fire sale of stocks across Wall Street.
Morgan Stanley lost $644 million by selling stocks it held related to Archegos' positions, and another $267 million trying to "derisk" them, Morgan Stanley... More
Morgan Stanley (MS) Declares $0.35 Quarterly Dividend; 1.7% Yield
April 16, 2021 7:37 AM EDTMorgan Stanley (NYSE: MS) declared a quarterly dividend of $0.35 per share, or $1.4 annualized.
The dividend will be payable on May 14, 2021, to stockholders of record on April 30, 2021, with an ex-dividend date of April 29, 2021.
The annual yield on the dividend is 1.7 percent.
For... More
Morgan Stanley (MS) Tops Q1 EPS by 52c
April 16, 2021 7:31 AM EDTMorgan Stanley (NYSE: MS) reported Q1 EPS of $2.22, $0.52 better than the analyst estimate of $1.70. Revenue for the quarter came in at $15.7 billion versus the consensus estimate of $14.09 billion.
For earnings history and earnings-related data on Morgan Stanley (MS) click here.
... More
