Tag Archives: Morgan

Morgan Stanley initiates coverage with overweight rating on AU Small Finance Bank

     AU Small Finance Bank share price gained a little over 2 percent after global brokerage firm Morgan Stanley has initiated coverage with overweight rating on the stock. The research house has set a target of Rs 725 per share for the stock, implying 19.3 percent potential upside over Thursday’s closing price. Morgan Stanley expects the non-banking finance company to ... Read More »

MORGAN STANLEY: These 19 stocks could get cut in half – or worse

Morgan Stanley has released the stocks its analysts think could lose more than half their value in the next 12-18 months. These “secularly challenged stocks,” as the bank calls its Wednesday report, are quite diverse, but a major portion of the list are retail chains. The industries Morgan Stanley analysts are most bearish on span from mall-based clothing stores like ... Read More »

JP Morgan pays $264m to settle China ‘bribery’ probe

US bank JP Morgan Chase is to pay $264m (£212m) to settle claims it hired the children of highly placed Chinese officials to gain business in China. The Department of Justice called the scheme “bribery by any other name” and said it threatened national security. The Securities and Exchange Commission (SEC) and the Justice Department (DoJ) began an investigation in ... Read More »