Category: Banking Services

Morgan Stanley

Stock outperforms market on strong trading day

Shares of Morgan Stanley MS, +0.40% inched 0.40% higher to $92.05 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.19% rising 0.19% to 4,247.44 and the Dow Jones Industrial Average DJIA, +0.04% rising 0.04% to 34,479.60. The stock’s rise snapped a four-day losing streak. Morgan Stanley closed $2.22 below its 52-week high ($94.27), which the company achieved on June 7th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. JPM, -0.07% fell 0.07% to $160.29, Bank of America Corp. BAC, +0.41% rose 0.41% to $41.86, and Citigroup Inc. C, -0.53% fell 0.53% to $76.48. Trading volume (6.3 M) remained 3.4 million below its 50-day average volume of 9.7 M.

Published: June 11, 2021 at 5:09 p.m. ET

Square Inc. – [SQ]

Square, Inc. (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions.

Once a seller downloads the Square Point of Sale mobile application, they can take their first payment. With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller’s Website.

Once on its system, sellers gain access to technology and features, such as reporting and analytics, next-day settlements, digital receipts, payment dispute management and chargeback protection, and Payment Card Industry (PCI) compliance. On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.