Welcome to our dedicated page for Morgan Stanley news (Ticker: MS), a resource for investors and traders seeking the latest updates and insights on Morgan Stanley stock.
Morgan Stanley reports developments across its global financial services franchise, including wealth management, investment management, institutional securities, private credit and capital markets activity. Recurring updates include Morgan Stanley Investment Management product launches, education resources for advisors, private credit financings, Eaton Vance fund actions, sustainable investing research and family office governance themes.
News also covers capital-structure and shareholder matters, operating and financial results, regulatory disclosures and governance updates tied to Morgan Stanley’s common stock, preferred securities, funds and finance subsidiaries.
Presidio Investment Holdings announced the issuance of term asset-backed securities (the “Notes”) in a private placement with U.S.-based institutional investors. This transaction marks the largest asset-backed securities issuance by an energy producer. Proceeds will enhance Presidio's acquisition-driven growth strategy and recapitalize its balance sheet. The company has reached a net production of 38,000 boe/d since partnering with Morgan Stanley Energy Partners. Presidio aims to align with the International Energy Agency’s Net Zero by 2050 roadmap through sustainable practices.
Morgan Stanley Investment Management has successfully raised $1.6 billion for its North Haven Credit Partners III Fund, surpassing its target by 29%. This fund will invest primarily in junior capital for private North American businesses, including 2nd lien debt and mezzanine debt. The Private Credit team manages over $10 billion in assets. Key advantages cited include access to Morgan Stanley's network for deal sourcing and a proven track record across market cycles. More than 20% of the fund's capital has already been deployed.
TruFund Financial Services has announced an equity investment in Woodborn Partners, a Black-owned real estate development firm based in Detroit. This investment, made through TruFund's Impact Developers Fund, aims to support Woodborn's strategic growth and affordable housing projects. Woodborn has a 12-year history in developing mixed-income housing. The fund, launched in July 2020, is focused on providing capital to emerging developers of color, enhancing community impacts through affordable housing initiatives.
Morgan Stanley at Work has partnered with Vestwell to enhance retirement solutions through digital tools and favorable pricing, aiming to ease administrative burdens and boost participant engagement. Brian McDonald highlighted this collaboration as a significant industry advancement, showcasing Morgan Stanley's capability to deliver exceptional service at competitive pricing. The partnership also includes a strategic investment by Morgan Stanley in Vestwell during its Series C financing. This initiative reflects a commitment to innovation in workplace savings programs, improving service and technology for employers and employees.
Parametric Portfolio Associates has launched Parametric Tax Harvest Core, a new tax-managed separately managed account (SMA) solution aimed at U.S. taxable investors with portfolios of $100,000 or more. This offering seeks to expand access to tax-managed investments, providing ongoing tax management and sector-level customization across two strategies benchmarked to S&P 500 and Russell 3000. The initiative is designed to enhance after-tax returns through systematic tax-loss harvesting, catering to financial advisors and their clients.
Morgan Stanley Capital Partners (MSCP) has acquired a controlling interest in Alliance Technical Group from Align Capital Partners. MSCP will work alongside CEO Chris LeMay and the management team. Alliance, headquartered in Decatur, AL, specializes in regulatory-driven air quality testing in North America, having completed 13 acquisitions since 2015. Eric Kanter of MSCP highlighted Alliance’s strong organic growth and customer-focused culture as key strengths. This investment aligns with MSCP's strategy in target subsectors and will support Alliance’s expansion through organic growth and additional acquisitions.
Morgan Stanley (NYSE: MS) reported net revenues of $14.8 billion for Q2 2021, up from $13.7 billion a year ago. Net income was $3.5 billion, or $1.85 per diluted share, compared to $3.2 billion, or $1.96 per diluted share in Q2 2020. The firm announced a 100% dividend increase to $0.70 per share and a $12 billion share repurchase program. The expense efficiency ratio stood at 69%
with a ROTCE of 18.6%. Key segments like Institutional Securities generated over $7 billion in revenues, while Wealth Management saw a pre-tax margin of 26.8%.
Morgan Stanley has awarded $21.7 million in funding to the Opportunity Finance Network (OFN) to bolster human capital and support Community Development Financial Institutions (CDFIs). This funding aims to increase lending capacity for CDFIs, particularly benefitting Black, Latinx, Native, and rural communities. Grants will range from $100,000 to $250,000 for eligible CDFIs with assets under $25 million. Morgan Stanley’s commitment aligns with their goal of addressing economic recovery and supporting under-resourced communities through initiatives like the Finance Justice Fund.
Morgan Stanley Private Credit and Onex Falcon completed their investment in CSS Corp, a global customer experience and technology services provider. This includes mezzanine financing and equity participation, allowing CSS Corp to pursue industry-leading growth and expand its capabilities. Morgan Stanley's Executive Director emphasized the strong confidence in CSS Corp's service offerings, while the newly appointed CEO, Sunil Mittal, expressed excitement for future innovations. The investment follows Capital Square Partners acquiring a controlling stake in CSS Corp earlier this year, further solidifying its industry position.
Morgan Stanley (NYSE: MS) will increase its quarterly common stock dividend to $0.70 per share from $0.35, starting in Q3 2021. The firm also announced a new $12 billion share repurchase authorization through June 30, 2022. CEO James P. Gorman noted that the dividend hike reflects the company’s strong capital position and earnings stability from its Wealth and Investment Management segments. Following upcoming regulations, Morgan Stanley will have a Stress Capital Buffer of 5.7% and a CET1 ratio of 13.2% as of October 1, 2021.