Morgan Stanley Stock Price, News & Analysis

TruFund Financial Services has made a preferred equity investment in Lemor Development Group, a Black-owned real estate firm focused on affordable housing. This investment is part of the Impact Developer Fund, initiated by Morgan Stanley, TruFund, and the Ford Foundation to support minority-led developers. The capital infusion aims to enhance Lemor’s liquidity and capacity for development. Lemor has a nine-year history in affordable housing, and this partnership is expected to stimulate further growth in underserved communities.

Morgan Stanley reported net revenues of $14.8 billion and EPS of $1.98 for Q3 2021, showing a significant increase from $11.7 billion and $1.66 in Q3 2020. Net income rose to $3.7 billion, aided by the acquisitions of E*TRADE and Eaton Vance. The Return on Tangible Common Equity (ROTCE) stood at 19.6%, while net new assets in Wealth Management hit a record $135 billion, driving total client assets to $6.2 trillion. Overall, the firm demonstrated robust growth across all segments.

TruFund Financial Services has invested in Exact Capital Group, a majority Black-owned real estate firm focused on affordable housing and mixed-use developments. This preferred equity investment aims to support Exact Capital's growth initiatives and address the funding challenges faced by BIPOC developers. The investment marks the fourth made by the Impact Developer Fund, established by Morgan Stanley, TruFund, and the Ford Foundation to enhance equity capital access for emerging real estate developers.

Investment funds managed by Morgan Stanley Capital Partners have announced the sale of PPC Flexible Packaging to GTCR. PPC management will continue to lead the company and holds a significant minority stake post-sale. PPC, based in Buffalo Grove, IL, is a leader in flexible packaging, having completed eight acquisitions since 2017 under MSCP's investment. This transaction marks MSCP's first exit in the packaging sector. Financial terms of the deal were not disclosed.

Morgan Stanley Family Office Resources launched the Morgan Stanley Family Legacy and Governance (FLAG) Institute, a virtual program aimed at professionals in estate planning and wealth management. Set to begin on September 28, 2021, the Institute focuses on the human capital aspect of family governance, crucial for ultra-high-net-worth clients. Sessions will cover governance systems, decision-making strategies, and the significance of family values. Executives from Morgan Stanley emphasize that long-term family success relies on strong governance processes, beyond just technical skills.

Morgan Stanley Expansion Capital and Ally Bridge Group have completed a $135 million Series E investment in Elligo Health Research. The funds will facilitate the acquisition of ClinEdge and enhance Elligo's technology platform to tackle challenges in the clinical trial sector. With access to over 150 million diverse patients, Elligo aims to improve patient access to clinical trials through innovative solutions. This investment positions Elligo for substantial growth and amplifies its mission to enhance diversity, equity, and inclusion in research.

Morgan Stanley at Work has partnered with Wilson Sonsini Goodrich & Rosati to launch a new API that integrates equity information seamlessly between their platforms, Shareworks and Neuron. This innovation addresses the challenges faced by startups in managing capitalization tables, promoting real-time data access and minimizing errors. With this API, the equity share issuance process can be completed in minutes, enhancing efficiency for mutual clients, especially as companies remain private longer. This move follows a previous agreement for migrating clients to Shareworks, strengthening their digital solutions for equity management.

The first Morgan Stanley Montreal Code to Give Hackathon featured 18 teams of students and recent graduates creating tech solutions to support local nonprofits. Winning projects included apps for Black business empowerment, promoting physical activity among young women, and enhancing culinary education for youth. Mentored by Morgan Stanley experts, the event aimed to provide nonprofits with sustainable tech resources. The initiative is part of Morgan Stanley’s Global Technology Change Makers program, established in 2018, which has assisted 30 nonprofits with digital transformation.

Morgan Stanley (NYSE: MS) is set to announce its third quarter 2021 financial results on Thursday, October 14, 2021, at around 7:30 a.m. (ET). A conference call to discuss these results will take place the same day at 8:30 a.m. (ET). Interested parties can access the call via www.morganstanley.com or by dialing in (domestic: 1-877-895-9527; international: 1-706-679-2291) using passcode 3958264. Playback will also be available post-call.