Morgan Stanley
Morgan Stanley
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Full Name and Common Aliases
Full Name: J.P. Morgan and Co., later known as Morgan Stanley Group Inc.
Common Alias: None
Birth and Death Dates
The company was founded in 1935 by Henry Sturgis Morgan, grandson of J.P. Morgan.
Nationality and Profession(s)
Nationality: American
Profession(s): Investment Banker, Financial Services Company
Morgan Stanley is a multinational financial services firm that provides investment banking, securities, investment management, and wealth management services to clients worldwide.
Early Life and Background
The company was founded by Henry Sturgis Morgan in 1935. Initially, it was known as J.P. Morgan & Co., but in 1941, the company's name was changed to Morgan Stanley Group Inc. after a merger with Dean Witter Reynolds, Inc.
Major Accomplishments
In 1970, Morgan Stanley went public with an initial public offering (IPO) of stock.
In 1997, Morgan Stanley acquired Dean Witter and discovered that the company's name would have to be changed to Morgan Stanley Dean Witter. Later in 2005, the company changed its name back to Morgan Stanley.
Notable Works or Actions
The company has been involved in several significant financial transactions throughout its history:
In 1997, Morgan Stanley helped facilitate the acquisition of Time Warner by AOL for $164 billion.
In 2008, Morgan Stanley received a government bailout as part of the Troubled Asset Relief Program (TARP) during the global financial crisis.
Impact and Legacy
Morgan Stanley has had a profound impact on the world of finance:
The company's expertise in investment banking and securities has helped facilitate numerous major mergers and acquisitions.
Morgan Stanley has also played a significant role in shaping the global economy through its involvement in international transactions and financial market developments.
Why They Are Widely Quoted or Remembered
Morgan Stanley is widely quoted and remembered for its:
Expertise in investment banking and securities
Role in major financial transactions and events throughout history
* Contributions to the development of global financial markets
Quotes by Morgan Stanley
An acquisition looks financially viable and is in line with National Grid's stated U.S. strategy. National Grid has shown that it has a decent U.S. acquisition track record.
In our opinion, the strategic rationale is sound and price paid is lower than what we would have anticipated.
The correction comes after similar corrections in Belgium, the Netherlands and France and overall they point toward a potential slowdown in the Euro area in Q4.
Urals claims to be considering a pipeline of 20-30 deals, and management expects to complete at least one substantial transaction by mid-year. We stress that, in our view, deal-flow expectations are absent from the current share price.
Without deferred tax credits, Hutchison needs to book exceptional gains this year to keep profits firmly in the black. We hope that this spurs the company into more corporate activity.
(This) should lead to strong order intake and rising profit margins for European oil services firms.
With a weakening hedging profile, fuel costs will continue rising, and a slowing pace of saving on other costs will likely keep a lid on expectations for profitability.
We also recommend that investors with a 2- to 3-year investment horizon accumulate shares in the sector through a basket of mid-sized bank stocks because there could be a sharp uplift in value due to consolidation activity.