Category: Investment Banking

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

BlackRock Inc

BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name.