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- Stock symbol: MS
- Annual revenue (2007): $8.53 billion
- Founders: Henry S. Morgan, Harold Stanley
- Year established: 1935
- Industry: Investment services
- Phone: (212) 761-4000
- Fax: (212) 761-0086
- HQ: New York, New York
- Presidents: Walid Channah, James P. Gorman
- CEO: John J. Mack
- Staff: 48,256
- Other key people: David Heleniak
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Morgan Stanley is an American financial services company founded in 1935 by former employees of the J.P. Morgan Co. The company provides a range of services, including investment management, investment banking and credit cards. Morgan Stanley has been involved in many large investment projects, including the Google and Apple IPOs.
On April 22, 2009, Morgan Stanley reported on their first-quarter; a loss of $190 million.MarketWatch: Morgan Stanley posts wider-than-expected loss (April 22, 2009) In April 2008, Morgan Stanley had a profit of $1.4 billion. Morgan Stanley's revenue fell 62%, which was much more of a loss than expected.The New York Times: Revenue Drops 62% as Morgan Stanley Posts a Loss (April 22, 2009)
Joint Venture Citigroup
In January 2009, it was reported that Citigroup was discussing entering into a joint venture with Morgan Stanley to manage Citigroup's brokerage unit, Smith Barney. Under the terms disclosed, Morgan Stanley would be the majority partner in the joint venture.CNBC: Citigroup Moving to Shed Smith Barney Brokerage (January 9, 2009)September 2008 Stock Plunge
On September 17, 2008, amid a blizzard of Wall Street bailouts and bankruptcies--Morgan Stanley's stock fell an unprecedented 44%, causing concern about the company's future.Bloomberg.com: Morgan Stanley, Goldman Plummet After AIG Takeover (September 17, 2008)-
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Morgan Stanley Questions
Did JP Morgan and Goldman Sachs profit in the 2008 CDS market as the financial system destabilized? 1 Answerparts of their business did yes...but the more important take away is that they both lost money in their credit business read more
What were the revenue sources of the $27 billion for JP Morgan? 1 Answerjp 15 bn retail banking 15 bn credit cards 18 bn investment banking whatever's left...other gs 9 bn trading 8 bn asset management 5 bn investment banking read more
What is the name of Jeffrey Dean Morgans secret son? 2 AnswersMama Rose is not divulging the name, but sources say it's Dean, after Daddy Jeffrey. read more
Who is the better Bass player: Stanley Clarke or Geddy Lee? 2 AnswersThey are both great. Stanley is better though because he is not only brilliant he has change the course of popular music. He made the world acknowledge the ele... read more -
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Morgan Stanley Blogs and Message Boards
- Yahoo Message Boards: Morgan Stanley
- Google Blog Search: Search for Morgan Stanley
- Stock Broker Fraud Blog: Morgan Stanley is Fined $500,000 for Faulty Oversight (2007)
- U.S. PIRG Consumer Blog: "The terrorists ate my homework" defense fails for Morgan Stanley (2006)
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