The whole lot of them, from Citigroup to Morgan Stanley and Bank of America, all got whacked today.
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Morgan Stanley and Bank of America will take bigger hits than the other two, down 25% and 20%, respectively.
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Citigroup, Morgan Stanley and Bank of America all have puny yields.
Goldman cut earnings per share estimates for Morgan Stanley, Bank of America, JPMorgan Chase and Citigroup by an average of 15%.
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Overall, the Fed approved requests outright from 14 of the banks, including Citigroup, Wells Fargo, Morgan Stanley and Bank of America.
Among primary Wall Street competitors Morgan Stanley, Bank of America, Citigroup and JPMorgan, only Goldman Sachs is a net buyer of shares.
Lehman Brothers, Bear Stearns, Morgan Stanley, Bank of America and Wachovia have also taken write-downs, though their measures were not as drastic.
Morgan Stanley and Bank of America also have another IPO scheduled today.
He argued persuasively that it was that the managers of the offering at Morgan Stanley and Bank of America priced the shares low to benefit clients other than LinkedIn.
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The Financial Crisis Inquiry Commission, led by former California Treasurer Phil Angelides, has already called current and former executives of Citigroup, Fannie Mae and Freddie Mac, Goldman, JPMorgan, Morgan Stanley and Bank of America in three previous hearings this year.
The possible good news for major U.S. financial institutions like Goldman Sachs, Citigroup, Morgan Stanley and Bank of America is that the latest bout of selling could wind up being exhaustive, setting these stocks up for gains in the months ahead.
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That data shows that for the past five quarters 18 major banks, including Goldman Sachs, Morgan Stanley, Bank of America, and Citigroup understated the debt levels they used to fund their securities trading in each of those quarters, and by an average of a whopping 42%.
Ms. Stewart, who previously held senior banking positions at Wachovia Corp. and later was chief executive of Morgan Stanley Private Bank NA, created an acquisition book that flags clients who might be in the market for additional services such as a home mortgage or student loan, as well as those who recently had a bad experience with the bank and need some extra care.
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Bank of America, Citigroup, Morgan Stanley, and Royal Bank of Scotland (RBS) made up the bottom -- and weakest -- group of banks.
Morgan Stanley, Deutsche Bank and Goldman Sachs have been chosen to organize the IPO, RIA Novosti reported.
Investment banks participating in the deal include Goldman Sachs, Morgan Stanley, Deutsche Bank, Needham, Oppenheiner, William Blair and Craig-Halum.
Morgan Stanley, Deutsche Bank and Credit Suisse are lead underwriters on the offering.
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JPMorgan competes with other large banks like Goldman Sachs, Morgan Stanley, Bank of America and Citigroup.
Morgan Stanley, a bank, reckons that shale-oil production will increase nearly fivefold by 2016 (to around 1.9m barrels a day).
Later, hedge-fund managers told client representatives at Morgan Stanley that the bank had lost money by refusing to lend shares.
Many firms, including Morgan Stanley, Deutsche Bank and Merrill, have bought small lenders in recent months, allowing them in-house access to new securitization business.
While JPMorgan fell about 20%, Wall Street names like Goldman Sachs, Morgan Stanley, and Bank of America all fell more than 40%.
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Profit slipped at Morgan Stanley as the bank made less money from trading bonds and commodities, a common theme for many investment banks this earnings season.
Sales, which doubled by volume in the past ten years to over 100, 000 hectolitres, could swell by 50% in the next ten years, reckons Morgan Stanley, a bank.
With negotiations going on for months, the deal will also result in juicy fees for the investment banks involved, which include Citigroup, Morgan Stanley, Deutsche Bank, JPMorgan Chase, Goldman Sachs, Nomura, and Barclays.
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Many firms, including Morgan Stanley, Deutsche Bank (nyse: DB - news - people ) and Merrill, have bought small lenders in recent months, allowing them in-house access to new securitization business.
According to Fitch Ratings, Morgan Stanley, Deutsche Bank, Goldman Sachs and JPMorgan Chase were the biggest counterparties in terms of notional value outstanding at the end of 2006, and the market expanded substantially in 2007.
The firms that received money--essentially forced upon them by federal officials--were: Citigroup, JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley, Merrill Lynch, Bank of New York Mellon and State Street Corp.
TBAC, chaired by JPMorgan Chase co-COO Matthew Zames, includes representatives from the likes of Goldman Sachs Group, Bank of America, Morgan Stanley, PIMCO, RBS, Blackrock and Bank of New York Mellon, among other firms.
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Even so, Morgan Stanley, an investment bank, does not expect Telepiu to break even until 2004.
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