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Morgan Stanley Sees BB&T Corporation On Track For Higher Capital Return
Friday, September 12, 2014 - 11:15am | 87In a report published Friday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $46.00 price target on BB&T Corporation (NYSE: BBT). In the report, Morgan Stanley noted, “We expect net payout ratios to rise from 10% in 2014 to 60%/80% in 2015/16 as BBT reinstates...
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Morgan Stanley Sees Slight Outflows Continue In August For Franklin Resources, Inc.
Wednesday, September 10, 2014 - 10:01am | 97In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $61.00 price target on Franklin Resources, Inc. (NYSE: BEN). In the report, Morgan Stanley noted, “We estimate -$0.4B long-term net outflows for BEN in August, bringing our QTD estimate to...
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Morgan Stanley Sees American Express As On Track For Accelerating Spend Growth
Wednesday, July 30, 2014 - 10:14am | 94In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $110.00 price target on American Express (NYSE: AXP). In the report, Morgan Stanley noted, “Total card spend growth accelerated from 6% y/y in 1Q to 9% in 2Q. Majority of travel JV gain...
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UPDATE: Morgan Stanley Reiterates On Goldman Sachs Group Following FHFA Litigation Settlement
Monday, July 28, 2014 - 11:09am | 148In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating on Goldman Sachs Group (NYSE: GS), but removed the $200.00 price target. In the report, Morgan Stanley noted, “HFA filed its lawsuit back in September 2011. Given that other banks started...
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UPDATE: Morgan Stanley Reiterates On BlackRock As Flows Shift To Higher Fee Products
Thursday, July 17, 2014 - 11:11am | 123In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on BlackRock (NYSE: BLK), and raised the price target from $387.00 to $391.00. In the report, Morgan Stanley noted, “Though we slightly lower our flows overall post-2Q, we see better organic...
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Morgan Stanley Raises Price Target On BlackRock Following Q2 2014 Earnings
Thursday, July 17, 2014 - 9:12am | 160In a report released Thursday, Morgan Stanley analyst Betsy L. Graseck maintained an Overweight rating on BlackRock (NYSE: BLK), but raised the price target to $391.00 per share. BlackRock's earnings increased to $4.89 per share, versus $4.15. Analysts at Morgan Stanley were pleased with...
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Morgan Stanley Has Positive Outlook On Bank Of America
Thursday, July 17, 2014 - 9:00am | 92In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $20.00 price target on Bank of America (NYSE: BAC). In the report, Morgan Stanley noted, “BAC should have been up 2% today, not down 2% given its beat on expenses and AIG resolution. Stock...
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UPDATE: Morgan Stanley Reiterates On Goldman Sachs Group On Spring Cleaning For 2015 CCAR
Thursday, July 17, 2014 - 8:54am | 136In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating on Goldman Sachs Group (NYSE: GS), but removed the $180.00 price target. In the report, Morgan Stanley noted, “Spring Cleaning assets helps to optimize balance sheet for CCAR. Goldman cut end-...
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UPDATE: Morgan Stanley Reiterates On Ally Financial On Potential 2Q Upside
Wednesday, July 16, 2014 - 9:58am | 176In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Ally Financial (NYSE: ALLY), but removed the $30.00 price target. In the report, Morgan Stanley noted, “June data for ALLY's prime auto securitization trusts show improving credit trends...
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UPDATE: Morgan Stanley Reiterates On J.P. Morgan Chase On Multiple Positive Factors
Wednesday, July 16, 2014 - 9:19am | 94In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on J.P. Morgan Chase (NYSE: JPM), and raised the price target from $64.00 to $68.00. In the report, Morgan Stanley noted, “Overweight JPM on expectations for improving efficiency, rising client...
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Morgan Stanley Sees Global Bond Flows Turn Positive For Franklin Resources
Thursday, July 10, 2014 - 9:40am | 95In a report published Thursday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $63.00 price target on Franklin Resources (NYSE: BEN). In the report, Morgan Stanley noted, “We estimate +$1.3B long-term net inflows for BEN in June, bringing our full quarter estimate to...
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Morgan Stanley Sees Multiple Growth Drivers For BlackRock
Wednesday, June 18, 2014 - 8:25am | 123In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $367.00 price target on BlackRock (NYSE: BLK). In the report, Morgan Stanley noted, “We view BLK as well positioned in the current landscape given iShares platform, multi-asset & alts,...
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UPDATE: Morgan Stanley Reiterates On Citigroup Following DoJ News
Monday, June 16, 2014 - 8:39am | 93In a report published Monday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Citigroup (NYSE: C), but removed the $58.00 price target. In the report, Morgan Stanley noted, “According to the June 13 article citing people familiar with the matter, the DoJ is looking for...
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Morgan Stanley Sees Positive Operating Leverage For Invesco Ltd.
Wednesday, June 11, 2014 - 9:49am | 134In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $39.00 price target on Invesco Ltd. (NYSE: IVZ). In the report, Morgan Stanley noted, “While we view IVZ as a global, diversified platform that is likely to generate organic growth above...
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Morgan Stanley Expects Long-Term Outflows For Franklin Resources
Tuesday, June 10, 2014 - 8:37am | 137In a report published Tuesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $59.00 price target on Franklin Resources (NYSE: BEN). In the report, Morgan Stanley noted, “While we believe BEN will be a long-term winner among asset managers given diversified global...