Morgan Stanley Stock Price, News & Analysis

Morgan Stanley Capital Partners (MSCP) has acquired Apex Companies, a top provider of environmental consulting and engineering solutions, from Sentinel Capital Partners. This acquisition is aimed at enhancing Apex’s capabilities in water, environmental, and infrastructure services. CEO Dave Fabianski will continue to lead the company, which serves a diverse clientele across various sectors. This investment aligns with MSCP’s strategy to grow within the environmental services sector and reinforces their commitment to ESG initiatives. Apex, based in Rockville, Maryland, is recognized for its expertise in stormwater compliance and other environmental services.

Morgan Stanley (NYSE: MS) is set to announce its first quarter 2023 financial results on April 19, 2023, at approximately 7:30 a.m. ET. A subsequent conference call to discuss these results will take place on the same day at 8:30 a.m. ET. As a leading global financial services firm, Morgan Stanley offers a range of services in investment banking, securities, and wealth management across 41 countries. For further information, visit www.morganstanley.com.

Morgan Stanley Global Sports & Entertainment will provide financial education for NFL Draft hopefuls at the Reese's Senior Bowl in Mobile, AL, resuming in-person engagements after two years of virtual programs due to COVID-19. This marks the ninth consecutive year of Morgan Stanley's exclusive sponsorship. Athletes and their families will receive vital financial strategies to aid in their transition to professional sports. Notably, former NFL star Brian Westbrook will join the sessions, emphasizing the significance of financial literacy for young athletes. Morgan Stanley continues to support elite athletes with dedicated advisors.

Morgan Stanley announced the appointment of 184 new Managing Directors, enhancing its leadership team across various divisions. The appointments reflect the firm's commitment to fostering talent and promoting individuals who have demonstrated exceptional performance. This strategic move aims to strengthen client relationships and improve service delivery. The newly appointed directors bring diverse expertise and experiences, which are expected to contribute positively to the company's growth and operational effectiveness.

Morgan Stanley reported 4Q 2022 net revenues of $12.7 billion, down from $14.5 billion year-over-year. Net income was $2.2 billion or $1.26 per diluted share, a decline from $3.7 billion or $2.01 per share in the same quarter last year. For the full year, revenues totaled $53.7 billion, compared to $59.8 billion in 2021, with net income of $11.0 billion ($6.15 per share), down from $15.0 billion. Key challenges included a 49% drop in Investment Banking revenues due to a tough macroeconomic environment. Despite challenges, the firm maintains a strong capital position, repurchasing $10 billion of shares.

Morgan Stanley (NYSE: MS) announced dividends for its preferred stock series, payable on January 17, 2023, to shareholders recorded as of December 30, 2022. The dividend amounts are as follows: Floating Rate Series A - $305.33, Series C - $25.00, Series E - $445.31, Series F - $429.69, Series I - $398.44, Series K - $365.63, Series L - $304.69, Series O - $265.63, and Series P - $406.25.

E*TRADE, a subsidiary of Morgan Stanley, announced the elimination of trade commissions and early redemption fees for all online mutual fund trades effective December 12, 2022. This initiative expands E*TRADE's $0 commission offerings, now including over 6,500 commission-free mutual funds. E*TRADE aims to enhance client experience by providing access to Morgan Stanley's global research and improving its robo-advice services. The move is seen as a strategic integration within the Morgan Stanley Wealth Management ecosystem, highlighting E*TRADE's innovation in the financial services sector.