[Reuters] Morgan Stanleys board of directors awarded Chairman and Chief Executive James Gorman $4.4 million in restricted stock as part of his 2014 bonus, the Wall Street bank said in a regulatory filing on Friday. Morgan Stanley did not disclose other parts of Gormans compensation package, which in the prior year also included cash and deferred cash, in addition to his base salary. The disclosure, made in a Form 4 filing with the US Securities and Exchange Commission, comes after news that rivals JPMorgan Chase amp; Co and Goldman Sachs Group Inc each awarded their CEOs bigger cash bonuses than they had in the prior year. JPMorgan CEO Jamie Dimon received a $7.4 million cash bonus, his first cash bonus since 2011, and Goldman CEO Lloyd Blankfein received a $7.3 million cash bonus, which was higher in dollar terms and as a portion of his overall bonus than in the prior year.
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Morgan Stanley (MS), with a current value of $68.58B, started trading this morning at $35.39.
A quick look at the market, the companys stock traded between $35.13 and $35.84 and has traded between $28.31 and $39.19 over the past year.
Priced at 12.38x this years forecasted earnings, MS shares are relatively inexpensive compared to the industrys 20.99x forward p/e ratio.
And for income investors, the company pays shareholders $0.40 per share annually in dividends, yielding 1.20%.
According to a consensus of 20 analysts, the earnings estimate of $0.77 per share would be $0.09 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.87 which would be a $0.55 better than last years full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.24 Billion. If realized, that would be a 5.00% increase over the year-ago quarter.
Recently, MKM Partners Initiated MS at Buy (Oct 2, 2014). Previously, Deutsche Bank downgraded MS from Buy to Hold.
The average price target for MS shares by the analysts covering the stock is $38.52, which is 8.84% above where the stock opened this morning.
Summary (NYSE:MS): Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The companys Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, as well as provides capital raising and corporate lending services. This segment is also engaged in sales, trading, financing, and market-making activities, including institutional equity, fixed income and commodities, research, and investment activities, as well as offers financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. Its Wealth Management segment provides brokerage and investment advisory services covering various types of investments comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. This segment also offers education savings programs, financial and wealth planning services, annuity and other insurance products, cash management services, trust and fiduciary services, retirement solutions, and credit and other lending products, as well as fixed income principal trading services. The companys Investment Management segment provides alternative investment products, such as hedge funds, private equity and real estate funds, and portable alpha strategies to institutional and intermediary channels, and high net worth clients, as well as is involved in real estate investing and merchant banking businesses. Morgan Stanley was founded in 1935 and is headquartered in New York, New York.
Small-cap financial stocks offer a distinctly different investment thesis than their massive cousins on Wall Street, but one that can be financially rewarding with the right approach. Equities.coms Small-Cap Stars, our proprietary list of small-cap companies with metrics that indicate the highest chance of future success, can help identify which of those growing, small-cap financial companies could be the diamond in the rough that pays off in the long run.
Here are todays top-performing financial stocks from the Small-Cap Stars:Fxcm ($FXCM)
Fxcm gained 33.05% to $3.10. The gains came on a volume of 141,529,000 shares against an average daily volume of 7,385,182 shares. Fxcm has had a trading range from $17.97 to $1.28 over the last year, its P/E ratio is 23.3, it has a 50-day SMA of $15.75, and a 200-day SMA of $14.81.
FXCM Inc., is an online provider of foreign exchange trading and related services to retail and institutional customers. It offers its customers the ability to trade contract for differences, spread betting, equities and equity options.Cobiz Financial Inc ($COBZ)
Cobiz Financial Inc gained 6.89% to $12.25. The gains came on a volume of 92,688 shares against an average daily volume of 81,567 shares. Cobiz Financial Inc has had a trading range from $13.60 to $9.84 over the last year, its P/E ratio is 16.5, it has a 50-day SMA of $12.21, and a 200-day SMA of $11.31.
CoBiz Financial Inc. is a diversified financial services company. Through its subsidiaries, it provides commercial banking services, wealth planning investment management, property casualty insurance brokerage employee benefits, among others.Ameris Bancorp ($ABCB)
Ameris Bancorp gained 6.87% to $24.59. The gains came on a volume of 75,628 shares against an average daily volume of 82,265 shares. Ameris Bancorp has had a trading range from $26.74 to $19.42 over the last year, its P/E ratio is 21, it has a 50-day SMA of $25.15, and a 200-day SMA of $22.81.
Ameris Bancorp is a financial holding company through its subsidiary Ameris Bank operates a full service banking services to its retail and commercial customers.Enterprise Financial Services Corporation ($EFSC)
Enterprise Financial Services Corporation gained 6.58% to $20.25. The gains came on a volume of 101,840 shares against an average daily volume of 39,878 shares. Enterprise Financial Services Corporation has had a trading range from $20.93 to $16.38 over the last year, its P/E ratio is 15.3, it has a 50-day SMA of $19.25, and a 200-day SMA of $18.07.
Enterprise Financial Services Corporation is a financial holding company. It offers banking and wealth management services to individuals and business customers located in the St. Louis, Kansas City and Phoenix metropolitan markets.Communityone Bancorp ($COB)
Communityone Bancorp gained 5.52% to $10.71. The gains came on a volume of 6,581 shares against an average daily volume of 9,712 shares. Communityone Bancorp has had a trading range from $12.87 to $8.42 over the last year, its P/E ratio is 27.4, it has a 50-day SMA of $10.72, and a 200-day SMA of $9.92.
CommunityOne Bancorp through its subsidiaries offers complete line of consumer, wealth management, mortgage business banking services, including loan, deposit, cash management, investment management trust services to individual business customers.Equities.coms Small-Cap Stars - A Smart Place to Store Your Money
Nailing down precisely which small-cap financial companies offer the best returns over time can be difficult, with a range of assets and liabilities spread over hundreds of balance sheets to consider. However, the Small-Cap Stars system takes the most successful financial small caps of years past, compares them using a complicated statistical regression that utilizes dozens of metrics creates a profile of a successful small-cap financial company prior to its growth with that regression, and then identifies which small caps are currently the best fits for that profile.
Given that the financial industry is one where a lot of leverage goes a long way, the screen found some of the most predictive traits to be high levels of total debt, high volatility in stock price, and a high book value of its assets.All data provided by QuoteMedia and was accurate as of 4:30 pm ET.
Former Newport Harbor High football great Joe Kolina, who has lived in several fine locations throughout the world, including China, has found a home.
"San Diego is probably my retirement area, as you can still go to NFL football games and eat authentic Italian food in downtown San Diego and only be 25 minutes from home without heavy traffic. I love it here," said Kolina, a 5-foot-9, 165-pound wide receiver and cornerback on the '78 Newport squad, who grew 2 inches and gained 45 pounds by the time he played fullback as a senior at Cal Poly San Luis Obispo.
While at Cal Poly, Kolina served as captain in 1984 and '85. In 1985, the Mustangs stunned defending national champion North Dakota State. Kolina was voted Cal Poly's Special Teams Most Valuable Player in 1982 when the school captured the NCAA Division II Western Football Conference title.
For the Sailors, Kolina played in the era under coach Bill Pizzica, who instilled some special life lessons, including a father not favoring his son. Pizzica benched his son, Nick, as Kolina started at cornerback in '78.
"Nick was stronger, faster and tougher than I was, but didn't have the nose for the football that I did," Kolina said. "I won the starting job over Nick, and it was coach Pizzica who supported me, showing no signs of nepotism whatsoever. I am sure it caused a little strife between father/son, but coach Pizzica gave me a fair shot of making the team and the chance to earn the starting role. I was completely surprised, to tell you the truth. This opportunity made me instantly love the man and how he treated players that played football for him."
In catching up with Kolina, we revisit one of the greatest gridiron upsets in Tar Ball lore. The 1978 Newport squad enjoyed a successful playoff run to the CIF semifinals to salvage an otherwise disappointing regular season.
In the first round of the CIF Big Five Conference playoffs, Newport Harbor, with players like Kolina, Scott Mackay, Joe Carnahan, Bob da Silva and Dave Thompson, stunned top-seeded St. Paul, 10-7, and legendary former Swords
"We had a team of football players in 1978 that should have won the CIF championship, but we were not that close as a team," said Kolina, noting that the Tars made too many mistakes during the regular season. "One thing that stands out in my memory is that you, as a Tar, wanted to perform for coach Pizzica, because he put so much into the program. You did not play for just the high school, you played for the great tradition that coach Pizzica was carrying forward from earlier years of greatness and CIF disappointment. He made me feel, talking about the spring of 1978, that we were going to be a great team. And if we gave 110 percent of our time and energy, something great would happen. I think many of the players truly believed that, and we took that spirit into 1978 season."
Kolina, Mackay (Montana and the University of San Diego), Carnahan (Oregon State), da Silva (Washington State) and Thompson (Harvard) all played collegiate football. Kolina and his teammates put away their surfboards and focused on football, and felt that a playoff berth was a second chance to prove something special.
"I can't recall who said it, perhaps Ryan Abbate, David Hoff, Jay Volske or Joe Carnahan, our leaders, but we started getting together during the week, and all of us started believing in ourselves again that we could do it," Kolina said.
"Friendships were being made, and it was shortly after the announcement that we made the playoffs that some of my teammates were so thankful for a second chance. It was like we were doing this for Bill Pizzica and the Newport Harbor football tradition, not ourselves. While it was tough for me to miss a good swell during the week, I did it for coach Pizzica and the team. That 110 percent I was talking about earlier showed up in my playing time in every playoff game. Sure, there were mistakes made, both by coaches, myself and other players during the playoffs, but we figured out how to win. Coach Pizzica had taught us how to win by truly becoming a team and not a bunch of individuals."
Kolina, who lives in Rancho Bernardo with his wife, Shelley, and girls Janey and Lauren (he also has two grown children and two grown stepchildren), is an annual supporter of Harbor's Long Gray Line and can be spotted playing in a golf tournament fundraiser for coach Jeff Brinkley's football program.
Kolina, who works in wealth planning these days, spent several years in China working as a sports agent for IMG Asia, where he also managed several professional golf tournaments. In 2009, Kolina retired from sports marketing, returned to the US and became re-licensed in the financial industry. Kolina is a senior adviser for BBVA Compass, the official bank of the NBA.
HOUSTON, Jan. 23, 2015 /PRNewswire/ --Sentinel Trust Company, a multi-client family office serving affluent families and their closely held companies and foundations, is pleased to announce two executive promotions and a new hire.
Lissa S. Gangjee, JD, CFP, has been promoted to President and will be responsible for the delivery of all Sentinel services to all Sentinel clients. Lissa joined Sentinel in 2012 as Senior Vice President and Senior Relationship Officer. She was promoted to Senior Managing Director and Head of Client Service in 2013. Prior to joining Sentinel, she served as Managing Director Wealth Planning, Senior Relationship Manager, and Portland, Oregon Office Head for Threshold Group, LLC. She began her career at US Trust in New York where she served in numerous capacities over her near decade-long tenure. She received an undergraduate degree from Smith College and her JD from Fordham LawSchool. Lissa is admitted to the bar in five jurisdictions: Connecticut, New York, Texas, Washington DC and Washington State.
Anne-Lise Wiegand, CPA, has been promoted to Senior Vice President, Senior Relationship Officer. She will continue to lead the delivery of investment, planning, fiduciary, administrative and family office services to a select group of Sentinel clients. Prior to joining Sentinel, Anne-Lise served as Associate Director Wealth Planning amp; Advisory for Threshold Group, LLC. She began her career at Albina Community Bank where she served as Controller. She is a graduate of Cornell College and a member of the American Institute of Certified Public Accountants.
Sentinel welcomes Angela Caraway, JD, CTFA, as Vice President and Senior Relationship Officer. Prior to joining Sentinel, Caraway was with Bank of America/US Trust since 1993. During that time, she served in sales, planning and trust administration roles most recently as Vice President and Trust Officer in the Private Wealth Management Division. In her new position, she will be responsible for providing quality service to Sentinel clients by interfacing with their advisors, external stakeholders, and internal departments to facilitate the delivery of seamless wealth management, family office, and fiduciary services. She received an undergraduate degree from University of Houston and her JD from South Texas College of Law. She is also a Certified Trust amp; Financial Advisor (CTFA).
Commenting on these announcements, D. Fort Flowers, Jr., Chairman and Chief Executive Officer, said, We are delighted to announce the promotions of Lissa Gangjee and Anne-Lise Wiegand and to welcome Angela Caraway to the Sentinel team. I am confident that Lissa will be very effective as President of our growing team. Her strong leadership skills and experience complement our commitment to excellence in client service and purposeful growth.
Sentinel Trust Company, LBA / www.sentineltrust.com / was founded in 1997 as the successor to two 40-plus year old single family offices. As a multi-client family office, Sentinel provides wealth management, fiduciary, investment management and family office services to affluent families, their closely held entities, and their foundations. Sentinel currently serves more than 36 families and is responsible for over $2.9 billion in assets. Sentinel is located in Houston, Texas.