4 Financial Stock Stories Making a Buzz on Thursday

Morgan Stanley (NYSE:MS): Current price $27.85

The owner of the number one brokerage on the planet reported that it is short of a minimum leverage ratio proposed by U.S. regulators last week, which  measures a company’s capacity to withstand losses. Chief Financial Officer Ruth Porat revealed on a conference call with analysts Thursday that Morgan Stanley’s supplementary leverage ratio stood at 4.2 percent in the second quarter, which is under the proposed 5 percent minimum. However, the ratio at Morgan Stanley’s deposit-taking bank subsidiary is over the proposed 6 percent minimum. Porat predicted that Morgan Stanley will surpass both requirements by 2015. She also announced that the firm will repurchase $500 million in stock, and that Morgan’s plan to reach 5 percent by 2015 includes additional capital returns to shareholders.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

mss

MetLife Inc. (NYSE:MET): Current price $48.84

MetLife Chief Executive Steven Kandarian said that the life insurer is not one of the systemically important financial institutions, whose failure could impose a threat to the country’s financial stability. Kandarian’s comments on Tuesday were likely in reaction to the United States financial risk council nearing the designation of the firm as systemically risky, which would lead to a more robust oversight of the company. The CEO said in a statement that MetLife was advised by the Financial Stability Oversight Council that it had reached “Stage 3″ in the process through which to determine if the insurer would be named a non-bank Systemically Important Financial Institution.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

met

Huntington Bancshares Inc. (NASDAQ:HBAN): Current price $8.39

Huntington has posted earnings of 17 cents per share in second-quarter, exceeding the Zacks Consensus Estimate of 16 cents. The results were stable, compared year-over-year to 2012 earnings. Huntington’s numbers reflect improvement in provision for credit losses, but also show declining revenues because of a drop in both net interest income and non-interest income. Additionally, Huntington reported net income applicable to shareholders of $150.7 million in the second quarter, which was down by 1 percent from $152.7 in the 2012 quarter.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

hban

KeyCorp (NYSE:KEY): Current price $11.84

The number two bank in Ohio reported that second-quarter profit slid by 11 percent, owing to costs related to its job-cutting program. In a Thursday statement, KeyCorp said that operating net income fell to $193 million, or 21 cents per share, from $217 million, or 23 cents, year-over-year. The average estimate of 25 analysts surveyed by Bloomberg indicated earnings of 20 cents a share, according to Chief Executive Beth Mooney. She said in a statement, “Compared to the first quarter, cautious client behavior led to slower loan growth,” and “greater-than-anticipated pressure on our net interest margin.”

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

key

Don’t Miss: Are Borrowers Using Credit More Wisely?

More Articles About:   , , , ,  

More from The Cheat Sheet