Financial Results in Focus: Morgan Stanley (NYSE:MS), JPMorgan Chase & Co. (NYSE:JPM)

Shares of Morgan Stanley (NYSE:MS) declined -0.22% to $41.65, during its last trading session. Morgan Stanley (NYSE:MS) opened its trading session at $41.38. During the trading session the minimum price at which share price traded, recorded at $41.24 and share price hit to max level of $41.96. It has market worth of $70.23B. It traded total volume of 5,668,767 shares lower than the average volume of 13.79M shares.

Joining other foreign banks, Morgan Stanley MS is lowering its presence in Russia. The company is closing its equities and foreign exchange (FX) trading desks in Moscow. This was first reported by Bloomberg, citing persons familiar with the matter.

The stagnant Russian economy and sanctions imposed by the United States and the European Union since the annexation of Crimea from Ukraine in 2014 are the primary reasons for Morgan Stanley’s move. Some other banks like Credit Suisse CS and Deutsche Bank DB have already pulled back from Russia owing to diminishing profitability while Goldman GS has reduced the staff.

Morgan Stanley, which has nearly 40 employees on its sales and FX trading desks in Russia, plans to move some of them to London while expects to terminate other positions. Notably, the company will continue to focus on corporate finance, capital markets and mergers and acquisitions in the country.

The company in a statement said, “Morgan Stanley remains committed to Russia and will maintain our longstanding on-the-ground presence in Moscow and ensure that our clients in Russia continue to benefit from the capabilities of the firm, in particular as it relates to investment banking and global capital markets.”

With this move, Morgan Stanley’s business in Moscow will revert back to the scale that was in place from 1994 till 2008, when it opened a full-service branch. Besides, the company’s analysts covering Russian stocks are already based in London.

Shares of Morgan Stanley have lost 22.6% so far this year compared with a decline of 22.3% for the industry it belongs to.

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In the last 12 months, Morgan Stanley (NYSE:MS) EPS was booked as $4.73. 62.90% shares of the company were owned by institutional investors. In the profitability analysis, the company has gross profit margin of 73.60% while net profit margin was 14.80%. Beta value of the company was 1.22; beta is used to measure riskiness of the security.

 

On Thursday, Shares of JPMorgan Chase & Co. (NYSE: JPM) showed the bullish trend with a higher momentum of 0.13%. The stock opened its trade at $100.02 and after floating in a price range of $99.27 to $100.73.

J.P. Morgan Asset Management disclosed the launch of two new actively managed fixed-income ETFs, the JPMorgan U.S. Aggregate Bond ETF (JAGG) and the JPMorgan Corporate Bond Research Enhanced ETF (JIGB), both of which aim to help investors improve returns and better manage risks within their fixed income portfolios.

JAGG seeks to provide long term total return by employing a multi-factor screening process providing exposure to corporate debt issuers with attractive value, quality and momentum characteristics. Outside of corporate debt, the ETF will seek to align sector and duration exposures to the Bloomberg Barclays U.S. Aggregate Bond Index. JAGG has a total expense ratio of 7 bps (0.07%) after fee waivers and expenses.

JIGB is designed to generate total return on an investment grade portfolio while utilizing inputs from J.P Morgan’s disciplined investment grade credit process to identity the most attractive risk-adjusted sectors and securities. The fund seeks to maintain the overall the risk profile of the Bloomberg Barclays U.S. Corporate Bond Index over time. JIGB has a total expense ratio of 14 bps (0.14%) after fee waivers and expenses.

Both funds harness the breadth of J.P. Morgan’s intellectual capital and vast investment resources.  JAGG is managed by the Quantitative Beta Strategies Fixed Income team, led by Eric Isenberg and Niels Schuehle. JIGB is managed by the Investment Grade Credit Portfolio Management team, led by Lisa Coleman.

“Historically, fixed-income ETF investors have had limited options beyond traditional indexing,” said Joanna Gallegos, U.S. head of ETFs at J.P. Morgan Asset Management. “With the launch of these two ETFs, investors now have more choice and the tools necessary to navigate the complexities of today’s bond markets, while building stronger portfolios.”

With these launches, J.P. Morgan Asset Management’s ETF suite now features 31 product offerings with over $15 billion in assets under management. J.P. Morgan was awarded “The industry’s fastest-growing ETF manager” “Best New Alternatives ETF” for its JPMorgan Managed Futures Strategy ETF (JPMF) product and earned “Best New International/Global Fixed-Income ETF” for its JPMorgan Global Bond opportunities (JPGB) product at the fifth annual ETF.com Awards held in March 2018.

The Stock’s performances for Monthly, weekly, half-yearly, quarterly & year-to-date are mentioned below:-

On a Monthly basis the stock is -2.80%. On a weekly basis, the stock is 1.10%. The half-yearly performance for the stock is -12.94%, while the quarterly performance is -5.83%. Looking further out we can see that the stock has moved 2.85% over the year to date. Other technical indicators are worth considering in assessing the prospects for EQT. RSI for instance is currently at 48.34.  JPM’s beta is 1.13 whilst the stock has an average true range (ATR) of 2.83.

The price target set for the stock is $120.07 and this sets up an interesting set of potential movement for the stock, according to data from Finviz’s Research. The company has a market value of $338.96B and about 3.38B shares outstanding.

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