MORGAN STANLEY

TSX hits 10-week high on Europe hope, U.S. banks

TSX hits 10-week high on Europe hope, U.S. banks
Canada's main stock index touched a 10-week high on Thursday as the financial and energy-linked sectors climbed on easing concerns about the European debt crisis and encouraging U.S. bank earnings.

Morgan Stanley Beats Expectations With Cost Cuts

A man walks into the Morgan Stanley offices in New York
A pricey settlement over bond insurance pushed Morgan Stanley into the red in the fourth quarter, but the Wall Street bank still posted better-than-expected results, due to a focus on cost cuts and relatively strong performance in equities trading.
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The Goldman Sachs building at 200 West Street is seen in New York

Goldman Sachs Q4 Earnings Likely to Disappoint, the Question Is By How Much

As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.
Greece's PM Papademos attends a meeting with with delegation of the the main private sector union in Athens

Greek Default Fears Rise

Greece debt talks are at an impasse and concerns are rising that the country will face a hard default within six weeks if a plan is not reached. Greek leaders are set to resume negotiations with private-sector creditors this week with hopes of reaching the base points of a debt deal to avoid national default by a Feb. 23 meeting of Eurozone finance ministers.
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S&P, Greece Pressure Eurozone to Boost Defenses

Mass Eurozone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
Workers maintain the huge Euro logo in front headquarters of ECB in Frankfurt

S&P Moves, Greek Debt Renew Pressure on Eurozone

Financial markets are unlikely to be derailed by mass euro zone downgrades, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused.
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Bank Profit Reports Could Be Lifted by Biz Loans

A recent rise in loans to businesses is spurring hope that bank earnings reports, which begin Friday, will show that the outlook for this economically critical industry is better than its battered stock prices and weak investment banking volumes would suggest.
Bank of America

Bank of America Laying off 20% of Asian Staff

Bank of America-Merrill Lynch, the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
A worker walks near a power plant at Alcoa Fjardaal aluminium smelter, eastern Iceland

Alcoa Shares Could Rise 30% in 2012: Report

Alcoa Inc. shares could rise by as much as 30 percent in 2012 as weak aluminum prices may have bottomed while demand for the metal remains strong, financial weekly Barron's reported on Sunday.
Morgan Stanley headquarters building in New York's Time's Square

U.S. Stocks Will Fall 8.6% This Year: Morgan Stanley

An analysis released Tuesday by Morgan Stanley analyst Adam Parker suggesting U.S. equities will finish the year more than 8 percent lower than where they began is making those who follow the American stock market nervous. And for good reasons.

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