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- 12.40
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Morgan Stanley Newsroom
Wall Street macro traders see worst annual performance since the epidemic outbreak.
Global banks' forex and interest rate trading revenue is expected to hit the lowest level since the pandemic, influenced by narrowing profit margins and a challenging macroeconomic environment. According to data collected by Coalition Greenwich, Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, and over 250 other companies' G-10 interest rate trading is projected to collectively generate 32 billion USD in revenue, while forex trading revenue is expected to be 16.7 billion USD, representing year-on-year reductions of approximately 17% and 9%, respectively. Investor confidence in making significant macro trading views has declined this year, as unexpected economic data has undermined expectations of interest rate cuts from major global central banks.
Trade Around the Clock: SEC Approves the 24X National Exchange
Morgan Stanley: maintains meitu 'shareholding' rating with a target price of 4.5 HKD.
Morgan Stanley released a research report stating that the target price of Meitu (01357) is 4.5 Hong Kong dollars, maintaining a "shareholding" rating. Meitu Investor Day showcased its three generative AI-driven products: Meitu Design Studio (DesignKit), Action, and MOKI. The bank expects that Meitu Design Studio, the flagship product in 2024, will contribute approximately 0.2 billion RMB in domestic revenue, double that of 2023. Management believes this is a highlight moment in the year and a half since the product was launched. The gross margin of this product is 60%-70%, with demand exceeding expectations. Investors are currently very focused on Meitu's overseas expansion.
Daiwa: Maintains fuyao glass 'in sync with the market' rating, target price raised to 45 Hong Kong dollars.
Morgan Stanley published a research report stating that due to Fuyao Glass (03606) increasing its market share faster than expected and adopting value-added products, it has raised its net income forecasts for 2024-2026 by 3%-12% to reflect stronger revenue growth and margin expansion. Morgan Stanley has adjusted Fuyao Glass's target price up by 13%, from 40 Hong Kong dollars to 45 Hong Kong dollars. The rating remains "in line with the market".
Wednesday Ends With Index Decline | Wall Street Today
CFRA Predicts That Banks Will Outperform the Benchmark S&P 500 in 2025
Dow Hits Another Record, Core PCE 2.8% as Expected | Live Stock
The rise in stock prices has triggered a chain reaction! Deutsche Bank warns that major Wall Street firms may reduce share buybacks.
Deutsche Bank stated that US bank stocks have rebounded since the end of September.
S&P 500, Dow Hit Records, Trump Tariffs to Cost Hundreds of Billions | Wall Street Today
Looking At Morgan Stanley's Recent Unusual Options Activity
Goldman, Morgan Stanley Ratings Lowered Due to Lofty Stock Values
Dow Falls After Record, Trump Talks Tariffs on Day One | Live Stock
SL Green Realty to Acquire 500 Park Avenue for $130 Million
Starbucks To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Tuesday
Goldman Sachs, Morgan Stanley Cut to Hold at HSBC
Express News | Morgan Stanley Shares Slip 1.5% Premarket; Report Says Bank's Wealth Management Expansion Fell Short on Due Diligence Standards
Express News | BT Group PLC Morgan Stanley - Holding(S) in Company
Morgan Stanley Price Target Raised to $131.00/Share From $128.00 by HSBC
Morgan Stanley: Upgraded Beijing Capital International Airport to "in line with the market" rating, target price raised to 2.9 Hong Kong dollars.
Morgan Stanley has released a research report stating that, considering adjustments in profit and the weighted average cost of capital, as well as fluctuations in the Hong Kong dollar to Renminbi exchange rates, the target price for beijing airport (00694) has been raised by 12% to HKD 2.9, with a rating of "in line with the market". The bank indicated that due to the commercial revenue of the airport in the third quarter falling short of expectations, earnings estimates for 2024 to 2026 have been reduced by 14%, 7%, and 6% respectively. The assumption for the weighted average cost of capital has been slightly adjusted from the previous 12.9% to 12.8%.
HSBC: Goldman Sachs (GS.US) and Morgan Stanley (MS.US) stocks lack attractive risk-reward.
HSBC analysts stated that the stocks of Goldman Sachs and Morgan Stanley show "unattractive risk-return" after the recent rise in bank stocks.