Morgan Stanley Is Expected To Resolve Block Trade Investigation With Multi-Million Dollar Payment
Portfolio Pulse from Ryan Gustafson
Morgan Stanley (NYSE:MS) is expected to settle a U.S. investigation into its handling of block trades by paying $200 million to $300 million. The settlement, which may be announced soon, involves no criminal charges but possible civil liability. The probe examined whether employees misused information and if internal controls were adequate. The news arrives before Morgan Stanley's Q4 financial results, with earnings expected at $1.01 per share and revenue at $12.74 billion. MS shares dropped 1.06% to $90.51.
January 11, 2024 | 9:15 pm
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NEGATIVE IMPACT
Morgan Stanley is expected to pay $200M-$300M to resolve a block trade investigation, with no criminal charges but potential civil liability. The firm's Q4 results are upcoming, with shares recently down 1.06%.
The expected settlement payment is significant and could impact Morgan Stanley's financials, while the avoidance of criminal charges is positive. The potential civil liability and recent share price drop indicate a negative short-term impact on the stock. The upcoming Q4 results add to the uncertainty and could further influence the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100