Morgan Stanley

Must be a slow day on CNBC which just had a special on strippers. Of particular interest, CNBC profiles (in)famous Randi Newton, who has seems to relish the limelight of a laid off former Morgan Stanley analyst. Apparently the media goes apeshit for women with pouty looks and fake breasts. (The irony of Zero Hedge devoting a post to this is not lost)

Just got home from a lovely day filled with interviews.

Must be a slow day on CNBC which just had a special on strippers. Of particular interest, CNBC profiles (in)famous Randi Newton, who has seems to relish the limelight of a laid off former Morgan Stanley analyst. Apparently the media goes apeshit for women with pouty looks and fake breasts. (The irony of Zero Hedge devoting a post to this is not lost)

Just got home from a lovely day filled with interviews.

The law of unintended stock bonus payment consequences strikes and this time it is truly hilarious. Turns out Citi will seek shareholder approval to issue 40 million new shares to cover employee compensation. Per the WSJ, as Citi's stock has plummeted for one reason or another, the total bonus amount has to be satisfied with many more shares.

The law of unintended stock bonus payment consequences strikes and this time it is truly hilarious. Turns out Citi will seek shareholder approval to issue 40 million new shares to cover employee compensation. Per the WSJ, as Citi's stock has plummeted for one reason or another, the total bonus amount has to be satisfied with many more shares.

Jeffery Harte at Sandler O'Neill, who had MS at a hold previously, pulled all stops and cut the company to Sell (does anyone have the report?). Is this a competition for who will be the next Meredith Whitney? In the meantime, financials whipping boy Dick Bove parrots the execs of the Too Big To Mark To Market companies saying he expects a "very good" quarter for Goldman and MS.

As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.

As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.

As populist anger spreads and "investment" banks finally realize that the president is for real on this one, financial firms are actually starting to act appropriately.

Summary as disclosed in C press release:

• More than 20,000 high-quality financial advisors;
• $1.7 trillion in client assets;
• $14.9 billion in pro-forma combined revenues;
• $2.8 billion in pro-forma combined pre-tax profit;
• 6.8 million client households globally – with a strong presence in the critically important
• high-net-worth client segment; and,
• A footprint of more than 1,000 offices around the globe.

Lead -> Gold