WEST PALM BEACH, Fla., March 2, 2021 /PRNewswire/ -- SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform (TAMP), is pleased to announce the expansion of its UMA Platform with…
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Morgan Stanley now oversees $5.4 trillion of client assets across wealth and investment management.
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NEW YORK & BOSTON--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) announced today that it has completed the previously announced acquisition of Eaton Vance Corp. in a stock and cash transaction. Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment. As provided under the merger
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Eaton Vance's Co-Director of Growth Equity Yana Barton says that despite the recent bond market frenzy sending momentum stocks on a spin, long-term investors need to accept that volatility is a part of the ride up. She sees IT, healthcare and consumer staples as big investing opportunities.
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NEW YORK & BOSTON--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) and Eaton Vance Corp. (NYSE: EV) announced today that the companies currently expect to complete Morgan Stanley’s acquisition of Eaton Vance on March 1, 2021 pursuant to the merger agreement dated as of October 7, 2020 (the “Merger Agreement”). Completion of the transaction remains subject to customary closing conditions. In connection with the anticipated completion of the proposed transaction, the deadline for Eaton Vance sharehold
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Summary List Placement Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today: Morgan Stanley CFO Jon Pruzan shares some thoughts on how the bank has positioned itself for big growth. Inside a subreddit dedicated to blank-check companies that's looking to avoid the retail hype and YOLO memes on WallStreetBets. Jide Zeitlin, a former Goldman partner, said he was 'cheated' by an IT billionaire who lent him $38 million. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco . Inside Morgan Stanley's blowout year, the culmination of James Gorman's decade-long war to win Wall Street 2020 was a big year for Morgan Stanley, inking monster big deals with E-Trade and Eaton Vance. We looked back at how the bank has evolved over the past decade, and spoke to CFO Jon Pruzan about how it's positioned itself for big growth.
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Eaton Vance Corp. shares closed today at 1.8% below its 52 week high of $72.61, giving the company a market cap of $8B. The stock is currently up 4.9% year-to-date, up 65.1% over the past 12 months, and up 209.7% over the past five years. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 1.9%. Trading Activity Trading volume this week was 0.1% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 169.7% The company's stock price performance over the past 12 months beats the peer average by 376.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 346.3% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Eaton Vance Corp. shares closed today at 1.8% below its 52 week high of $72.61, giving the company a market cap of $8B. The stock is currently up 5.3% year-to-date, up 68.2% over the past 12 months, and up 221.7% over the past five years. This week, the Dow Jones Industrial Average rose 0.6%, and the S&P 500 rose 1.9%. Trading Activity Trading volume this week was 1.3% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 61.8% The company's stock price performance over the past 12 months beats the peer average by 244.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 341.0% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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NEW YORK: Morgan Stanley boosted both its short and long-term operating targets on Wednesday after coronavirus-induced volatility in financial markets helped the Wall Street bank post a quarterly profit that sailed past estimates. The company also confirmed plans to buy back US$10 billion (RM40.4 billion) of shares this year, more than three times the figures announced by its retail banking peers, as it wrapped up results for US lenders, which pointed to a modest rebound in the economy. "We are in the growth phase of this company for the next decade," Morgan Stanley chief executive officer James Gorman told analysts on a conference call. Morgan Stanley increased its two-year target for return on tangible equity to 14%-16%, from an earlier forecast of 13%-15%. The metric measures how well a bank is using its capital to produce profit. The company also raised its longer term target for the same metric to more than 17%, from its previous outlook of 15%-17%. "If we'd said to you three years ago, our aspiration was to have a 17-plus ROTCE, you would have thought we're off the planet," Gorman said, responding to one analyst, who commented that the target looked conservative.
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Eaton Vance Portfolio Manager Yana Barton says investors should avoid passive investing and pick stocks in underappreciated sectors that are primed to do well throughout 2021 such as healthcare, industrials and energy.
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Morgan Stanley Reports Blowout Quarter Cementing The Bank's Best Year In History Concluding the big banks flurry of Q4 updates, this morning Morgan Stanley reported results for the final quarter of 2020 and in it will probably not be a big surprise that, just like Goldman yesterday, they were a blowout: the big bank reported Net Income of $3.39BN, up 50% from $2.24BN a year ago resulting in adjusted EPS of 1.92 (the company used a 23% effective tax rate vs 15.7% a year ago) smashing estimates of 1.27, on blowout revenue of 13.6BN, up 26% Y/Y and more than $2BN above the consensus estimate of 11.54BN. The impressive quarter was driven by stellar results in the bank's core Institutional Securities (i.e., sales & trading and ibanking) division, which smashed expectations: Equities sales & trading revenue $2.50 billion, +30% y/y, estimate $2.15 billion FICC sales & trading revenue $1.66 billion, +31% y/y, estimate $1.51 billion Institutional Investment Banking revenue $2.30 billion, estimate $1.64 billion, as equity underwriting more than doubled from a year earlier.
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Eaton Vance Corp. shares closed today at 1.1% below its 52 week high of $72.61, giving the company a market cap of $8B. The stock is currently up 5.7% year-to-date, up 65.7% over the past 12 months, and up 224.4% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.5%. Trading Activity Trading volume this week was 47.6% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.5. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 125.1% The company's stock price performance over the past 12 months beats the peer average by 239.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 345.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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WASHINGTON , Jan. 13, 2021 /PRNewswire/ -- Calvert Research and Management (Calvert), a subsidiary of Eaton Vance Corp. (NYSE: EV ), today announced that Anthony Eames , Calvert's Director of Responsible Investment Strategy, has been elected to the board of directors of US SIF: The Forum for Sustainable and Responsible Investment. Mr. Eames also will serve on board of the US SIF Foundation. US SIF's 13-member board of directors provides strategic guidance to advance sustainable and impact investing across all asset classes. "US SIF's mission of advancing responsible investing while generating positive environmental and social impacts aligns closely with Calvert's mission," said John Streur , President and Chief Executive Officer, Calvert, "I'm confident in Anthony's ability to support US SIF's critical … Full story available on Benzinga.com
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Eaton Vance’s Yana Barton prefers to stick with what's working in the market.
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On December 18, 2020, Eaton Vance Floating-rate (NYSE:EFT) announced shareholders can expect to receive a dividend payable on January 15, 2021. The stock …
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VICTORIA, BC / ACCESSWIRE / December 16, 2020 / Erin Ventures Inc. (“Erin” or the “Company“) (TSXV:EV) is pleased to announce that it has completed its non-brokered private placement offering initially announced yesterday, December 15, 2020, for an aggregate amount of gross proceeds of $605,000.00. Pursuant to the terms of the private placement, Erin issued… Read More »Erin Ventures Closed Private Placement
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Pandemic increases need for country-specific focus in popular EM debt sector Submitted By Madeleine Taylor | 02/12/2020 - 5:34pm Investor appetite for emerging markets has been on the rise, boosted by hopes of a vaccine-led recovery from the coronavirus pandemic, and by Joe Biden’s victory in the US presidential election. According to a recent survey from Bank of America, half of fund managers favour emerging markets more than any other asset class for 2021. The MSCI Emerging Markets Index has risen by nearly 13 per cent in November. Emerging market debt is also growing in popularity, with EPFR data showing flows of USD3.5 billion into EM bonds during one week in November, the fourth largest weekly inflows ever. “EMD remains a relatively popular asset class for institutional investors globally,” writes the emerging markets debt team of US asset manager Eaton Vance. “The irony, however, is that fund flows in the sector are still driven by index-based strategies that ignore fundamentals, even as many investors have come to recognise just how crucial individual EM country fundamentals will be in surmounting Covid-19 challenges.” Benchmark-based approaches “may be sub-optimal”, warns Eaton Vance, adding that indexes are often highly concentrated, with ten countries accounting for 80 per cent of JP Morgan’s Government Bond Index-Emerging Markets’ index weighting.
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Eaton Vance announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
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On November 2, 2020, Eaton Vance Risk-Managed (NYSE: ETJ) declared a dividend payable on November 30, 2020 to its shareholders. Eaton Vance …
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On November 2, 2020, Eaton Vance Tax-mangd Glo (NYSE: ETW) announced shareholders can expect to receive a dividend payable on November 30, 2020. The …
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On November 2, 2020, Eaton Vance Enhanced (NYSE: EOS) announced shareholders can expect to receive a dividend payable on November 30, 2020. The stock …
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Eaton Vance (NYSE:EV) will be announcing its earnings results before the market opens on Tuesday, November 24th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Eaton Vance (NYSE:EV) last announced its quarterly earnings results on Wednesday, August 26th. The asset manager reported $0.82 earnings per share (EPS) for the […]
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VICTORIA, BC / ACCESSWIRE / November 12, 2020 / Erin Ventures Inc. (“Erin” or the “Company“) (TSXV:EV) announces that, subject to the approval of the TSX Venture Exchange (the “TSXV“), it intends to complete a private placement offering of up to 5,714,285 units of the Company (“Units“) at a price of $0.035 per Unit for… Read More »Erin Ventures Announces Proposed Private Placement and Completes Previous Private Placement
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Eaton Vance, one of the most venerable names in active mutual fund management, is continuing its quest to embrace a rising movement toward a unique exchange traded fund structure that doesn’t require issuers to disclose holdings on a daily basis. On Thursday, Boston-based Eaton Vance said that “Eaton Vance Management, a wholly-owned subsidiary, and Eaton […] The post Eaton Vance Continues Its Active ETF Quest appeared first on ETF Trends .
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Based in Winter Park, Fla., WaterOak, now named Eaton Vance WaterOak Advisors, manages $2.3 billion in client assets.
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Shares of Eaton Vance Floating-rate Inc (NYSE: EFT) moved lower by 0.39% from the previous closing price. *Saba Capital Management, L.P. filed a Form 4 …
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Morgan Stanley's $7 billion deal for Eaton Vance suggests the financial services space may contract further, says CFRA's Todd Rosenbluth.
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Summary List Placement Morgan Stanley reported third quarter earnings that beat analyst revenue and income expectations. The 17% surge in revenue comes amid an acquisition spree by the firm, as it acquired both E-Trade and Eaton Vance so far this year. "We delivered strong quarterly earnings as markets remained active through the summer months, and our balanced business model continued to deliver consistent, high returns," CEO James Gorman said. Watch Morgan Stanley trade live on Markets Insider. Visit Business Insider's homepage for more stories . Morgan Stanley posted third quarter earnings that beat analyst expectation in revenue and net income, amid a series of acquisitions that includes a just-completed takeover of E-Trade, and a just-announced buyout of Eaton Vance. Those two acquisitions and a recent upgrade from Moody's will "significantly strengthen our Firm and position us well for future growth," CEO James Gorman said. Strong growth of 20% in sales and trading revenue helped boost earnings as the firm benefited from strong client engagement across a number of its products.
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NEW YORK, Oct. 14, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Eaton Vance Corp. ("EV" or the "Company") (EV) relating to its…
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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Eaton Vance Corp. (NYSE: EV) to Morgan Stanley (NYSE: MS). Under the terms of the proposed transaction, shareholders of Eaton can elect to receive either (i) $28.25 in cash and 0.5833 of a share of Morgan Stanley common stock; (ii) an amount of all cash, subject to a proration and adjustment mechanism; or (iii
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An election with far-reaching policy implications—one way or the other—is less than a month away. Big banks are set to kick off what could be a challenging earnings season. Fresh outbreaks of COVID-19 have been reported here and abroad. And a Category 3 hurricane—the 25th named storm this season—is about to make landfall in the U.S. And yet, the S&P 500 Index (SPX) and other indices find themselves within striking distance of all-time highs as a rally enters its third day early Friday. The Dow Jones Transportation Average ($DJT) has actually made new all-time highs. After touching 30 earlier in the week, the Cboe Volatility Index (VIX) has fallen 13% and starts the day with a 25-handle. Merger and acquisition (M&A) activity has picked up in earnest this week (see more below). And Treasury yields have been inching toward normalcy, and could be poised for a breakout to the upside. If 2020 has taught us one thing, it’s that markets have the power to surprise, if not confound, even the most seasoned investor.
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While it doesn’t have immediate or direct implications for actively managed exchange traded funds, Morgan Stanley’s $7 billion acquisition of mutual fund manager Eaton Vance underscores the point that active management is still desirable on multiple fronts. Eaton Vance has some experience with actively managed exchange traded funds, previously listing some products under the NextShares […] The post Morgan Stanley Deal for Eaton Vance Highlights Active Management Allure appeared first on ETF Trends .
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The $7 billion deal follows just days after the Wall Street bank closed on its acquisition of E*Trade; the bonus rate on deposits is tied to how much customers spend on their debit cards.
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The Wall Street stalwart is betting that investors want it to be more boring.
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https://es.investing.com/news/stock-market-news/morgan-stanley-adquirira-eaton-vance-por-7000m-2044799
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https://it.investing.com/news/stock-market-news/morgan-stanley-acquista-eaton-vance-per-7mld-1963538
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Investment bank Morgan Stanley (NYSE: MS) on Thursday disclosed entering into a definitive agreement to acquire Boston-based investment management company …
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NEW YORK, Oct. 8, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Eaton Vance Corp. ("EV" or the "Company") (NYSE: EV) in connection with the proposed acquisition of the Company by Morgan…
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Eaton Vance (EV) stock is leading merger and acquisition (M&A) news Thursday on a $7 billion deal with Morgan Stanley (MS).
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The market turns bullish as Morgan Stanley goes on buying spree with the latest purchase of asset manager Eaton Vance (NYSE:EV) in a $7B cash-and-stock dea
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Eaton Vance Corp. (NYSE: EV) Q3 2020 earnings call dated Aug. 26, 2020 Corporate Participants: Pierric G. Senay — Treasurer and Director of Investor Relations Thomas E. Faust Jr. — Chairman, Chief Executive Officer and President Laurie G. Hylton — Vice President and Chief Financial Officer Analysts: Patrick Davitt — Autonomous Research LLP — Analyst Craig Siegenthaler — Credit Suisse — Analyst Daniel Fannon — Jefferies & […]
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Take a look at the companies making headlines in midday trading.
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NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Eaton Vance Corp. (NYSE: EV) to Morgan Stanley is fair to Eaton Vance shareholders. On behalf of Eaton Vance shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. If you are an Eaton Vance shareholder and would like to discuss your legal rights and
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Investment news and analysis for financial advisers. Extensive coverage and expert comment on important topics in the financial advisory industry.
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Morgan Stanley's wealth management and investment management businesses already account for 40-50% of the bank's revenue
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
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Eaton Vance Management has named Eric Stein as its new CIO of fixed income, overseeing over $90bn in fixed income assets.
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BOSTON, Sept. 30, 2020 /PRNewswire/ -- Eaton Vance Corp. (Eaton Vance) (NYSE: EV) today announced the appointment of Eric A. Stein, CFA, as Chief Investment Officer, Fixed Income, of Eaton Vance Management (EVM), effective November 1, 2020. Mr. Stein will replace Payson F. Swaffield, CFA,…
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