4 Financial Stock Stories For Investors To Bank On

Morgan Stanley (NYSE:MS): Current price $22.29

Morgan Stanley shareholders have been advised in a note by the shareholder consulting firm Glass Lewis, that they should vote against the investment bank’s executive pay plan, according to Bloomberg News. Glass Lewis contended that Morgan Stanley has not succeeded in linking executive compensation to performance, because its executives’ pay was higher while the bank was performing more poorly than its competitors, said Bloomberg. Typically, institutional investors vote heeding the advice of influential firms like Glass Lewis and Institutional Shareholder Services.

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MS

Mastercard Incorporated (NYSE:MA): Current price $545.53

As both card companies reported first quarter results on the same day, Mastercard fell Wednesday due to weak revenue and a “dodgy” outlook, but its rival Visa (NYSE:V) rallied late following its March-ending quarterly results beating forecasts. Visa fiscal second quarter earnings jumped by 20 percent to $1.92 a share, which was 11 cents higher than analyst views. Beyond that, revenue increased 15 perecnt year-over-year to $3 billion, beating analysts’ $2.8 billion estimate. Mastercard’s first-quarter revenue rose by 8 percent to $1.91 billion, just under analyst views of $1.93 billion, however better-than-anticipated operating margins and stock repurchases helped earnings beat views by 5 cents, rising by 16 percent to $6.23 a share.

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MA

Goldman Sachs Group (NYSE:GS): Current price $143.67

On Thursday the United Kingdom’s tax authority must deal with a court challenge concerning a deal with Goldman Sachs worth an estimated $15.5 million to the latter, which is a case that could pressure the government into tougher action against corporate tax avoidance. The challenge from the activist group UK Uncut Legal Action originates from public anger in Britain about how large, powerful firms get away with paying less tax than many ‘ordinary’ people struggling to deal with a stagnating economy and government spending reductions. This particular case is about a settlement made in 2010 between Goldman Sachs and the tax authority, through which to end a lengthy dispute over a now-banned tax avoidance scheme involving the payment of bonuses to staff in the UK via an offshore tax haven.

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GS

Deutsche Bank (NYSE:DB): Current price $46.84

The German superbank reports that Young Kim will join as a Managing Director in the Equity Capital Markets group which is responsible for the Energy and Power sector. He will be based in New York and will report to Deutsche Bank’s Head of ECM in the Americas Jeff Bunzel. In his new position, Kim will manage the continued growth of the Bank’s Natural Resources equity origination endeavors. He joins Deutsche Bank from UBS where he spent thirteen years, most recently as a Managing Director in the firm’s Equity Capital Markets group focused on offerings in the Energy and Utilities sector. Prior to this, Kim worked in Equity Risk Management at Warburg Dillon Read.

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DB

Investing Insights: Should Morgan Stanley Be In Your Portfolio?