Tag Archives: Morgan Stanley

Morgan Stanley to Buy Fund Manager Eaton Vance Corp. for $7 Billion

Morgan Stanley (NYSE: MS) announced intentions to complete a deal for fund manager Eaton Vance Corp. (NYSE: EV) for $7 billion with the deal expected to close by the second quarter of 2021. Morgan Stanley’s investment management arm will oversee … Continue reading

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J.P. MORGAN IS GEARING UP FOR HISTORY’S LARGEST IPO

J.P. Morgan Chase is reportedly close to winning a lead advisory role in the largest IPO deal in history: Saudi Aramco. Last month, Reuters reported that Aramco formally asked major banks to submit proposals for potential roles in its planned … Continue reading

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Alibaba IPO Finally Hits the Market

This Friday Alibaba finally priced on the New York Stock Exchange under the ticker symbol BABA. Due to high demand, the underwriters increased the pricing of the initial stock to $68. This pushed it even further as the largest Initial … Continue reading

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Moody’s Cuts Ratings of Four Big Banks

– Ellen Jin Rating agency, Moody’s lowered the credit ratings of Bank of New York Mellon, Goldman Sachs, JPMorgan, and Morgan Stanley by one notch late Thursday. The change in ratings reflects the belief that the institutions will not be … Continue reading

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Square Looks Towards IPO as Tech Continues To Bubble

Jack Dorsey, one of Twitter’s cofounders, is talking to bankers about something new. His company  Square Inc, a payment start-up company with square credit card readers that connect to Android and Apple phones, has been talking to Goldman Sachs and … Continue reading

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Goldman Sachs Had Dismal Trading Quarter

Known as Wall Street’s smartest trading firm, their miserable third quarter has raised questions on whether the firm deserves that title. Goldman suffered its worst three-month stretch for trading since the market meltdown of 2011. According to regulatory filing, Goldman … Continue reading

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Twitter Inc. Stock Soar With IPO Launch

Twitter Inc. shares launched on the New York Stock Exchange on Tuesday, October 5th. There were no troubles with the initial launch, unlike Facebook’s IPO last year on the NASDAQ. This was the second biggest United States listed offering ever … Continue reading

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Verizon Sells Record $49 Billion of Bonds

Verizon Communications Inc. completed a record offering of $49 billion of corporate debt Wednesday to help finance their recent $130 billion acquisition of Vodafone Group PLC’s stake in its wireless business. This sale surpasses the previously largest offering of $17 … Continue reading

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