Morgan Stanley Stock Price, News & Analysis

Morgan Stanley (NYSE: MS) announced the redemption of its outstanding Cushing® MLP High Income Index ETNs due March 21, 2031 (CUSIP: 61760E846). The call notice was released via The Depository Trust Company. The call settlement amount will be determined over a five index-business day period starting May 28, 2021, with payments made to investors on June 9, 2021. The last trading day for the ETNs is expected to be June 8, 2021. Other structured notes and debt securities issued by Morgan Stanley are unaffected by this redemption.

Morgan Stanley Capital Partners (MSCP) has successfully invested in Nivel Parts & Manufacturing, acquiring it from Kelso & Company. Nivel, a leading manufacturer of aftermarket parts for personal transportation and heavy-duty vehicles, offers over 100,000 SKUs to various customers. CEO Brent Moore will continue to lead the management team, focusing on growth through innovation and strategic acquisitions. This investment aligns with MSCP's strategy of targeting high-growth consumer-focused companies, following previous investments in AWT Labels & Packaging and US HealthConnect.

Morgan Stanley (NYSE: MS) has appointed Ted Pick and Andy Saperstein as Co-Presidents, effective June 1, 2021. Pick will oversee Institutional Securities and international operations, while Saperstein will manage Wealth Management, including Financial Advisors and E*TRADE. Jonathan Pruzan transitions to Chief Operating Officer, and Sharon Yeshaya takes over as Chief Financial Officer. Other notable appointments include Shelley O'Connor as Vice Chairman and Head of External Affairs, and Mike Pizzi as Head of U.S. Banks. CEO James Gorman highlights the leadership team's proven success and aims for continued growth.

Morgan Stanley Investment Management (MSIM) and CastleOak Securities have expanded their partnership by launching two new co-branded share class offerings aimed at enhancing short-term cash investment services. The new products, COSXX and OAKXX, will help clients achieve liquidity and principal preservation while supporting Diversity & Inclusion efforts. CastleOak's President emphasized the importance of this collaboration in fulfilling ESG goals without compromising investment standards. This move reflects CastleOak's dedication to improving their Money Fund Access liquidity solutions platform.

ValGenesis, a leader in Enterprise Validation Lifecycle Management Systems (VLMS), has secured a $24 million investment from Morgan Stanley Expansion Capital. This funding aims to enhance sales and drive innovation in digital validation technologies for global deployment. ValGenesis is recognized for its 100% paperless VLMS, trusted by over 30 of the top 50 global life science companies. The investment will support the company's growth trajectory and focus on resolving significant challenges in the life science sector.

Morgan Stanley and Howard University announced the first five students selected for the HBCU Scholars Program, aimed at providing financial support to students at Historically Black Colleges and Universities. The four-year scholarships cover tuition, room, and board, eliminating financial barriers to higher education. The initiative promotes educational attainment and career readiness, featuring mentoring and additional programming. Morgan Stanley emphasizes its commitment to diversity and inclusion through this initiative, which will also support students at Morehouse and Spelman College.

Morgan Stanley and Morehouse College have announced the inaugural cohort of the HBCU Scholars Program, which will provide four-year scholarships covering tuition and room and board for five students. This initiative aims to eliminate financial barriers to higher education for students of color, promoting educational attainment and economic independence. The program will include career preparation and mentorship, further enhancing the students' opportunities post-graduation. The program reflects Morgan Stanley's commitment to diversity and community support.

XRI Holdings, LLC, a leader in full-cycle water management, announced a significant 10-year agreement with University Lands covering over 300,000 acres in the Southern Midland Basin. This partnership enhances XRI’s asset footprint, improving access and recycling capabilities, crucial for advancing sustainability initiatives. Currently, XRI recycles over 400,000 barrels per day in the Permian Basin, with growth anticipated from the new UL partnership. UL manages water rights for 2.1 million acres, prioritizing resource conservation in awarding this contract.

Morgan Stanley (NYSE: MS) reported a significant increase in net revenues, reaching $15.7 billion for Q1 2021, up from $9.8 billion a year earlier. Net income surged to $4.1 billion or $2.19 per diluted share, compared to $1.7 billion or $1.01 per diluted share in Q1 2020. The growth was bolstered by the acquisition of Eaton Vance and strong performance in the Institutional Securities and Wealth Management segments. Record flows of $105 billion in Wealth Management and a 21.1% return on tangible common equity highlight the firm's solid position for future growth.