On Monday, Shares of Morgan Stanley (NYSE:MS), lost -0.91% to $39.24.
Morgan Stanley, stated net revenues of $9.7 billion for the second quarter ended June 30, 2015 contrast with $8.6 billion a year ago. For the current quarter, net income applicable to Morgan Stanley was $1.8 billion, or $0.85 per diluted share,7 contrast with net income of $1.9 billion, or $0.92 per diluted share,7 for the same period a year ago. The earnings for the preceding year second quarter comprised of a net discrete tax benefit of $609 million or $0.31 per diluted share, principally related to the remeasurement of reserves and related interest.8
Not taking into account DVA, net revenues for the current quarter were $9.6 billion contrast with $8.5 billion a year ago. Not taking into account DVA and the net discrete tax benefit in the preceding year quarter, net income applicable to Morgan Stanley was $1.7 billion, or $0.79 per diluted share, contrast with net income of $1.2 billion, or $0.58 per diluted share in the preceding year.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s 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, in addition to provides capital raising and corporate lending services.
Shares of Union Pacific Corporation (NYSE:UNP), declined -0.24% to $92.39, during its last trading session.
Union Pacific employees made gains toward the company’s ultimate aim of zero incidents, setting second-quarter and year-to-date safety performance records.
Union Pacific’s employees achieved a 0.81 reportable injury rate for the second-quarter, improving 19 percent over the same period last year. Year-to-date, employees recorded a 0.82 reportable injury rate, contrast to 1.06 year-to-date in 2014. A railroad’s reportable injury rate is the total number of injuries stated to the Federal Railroad Administration per 200,000 employee hours, which is equivalent to 100 employees working a full year.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Finally, Noah Holdings Limited (ADR) (NYSE:NOAH), ended its last trade with -5.30% loss, and closed at $22.16.
Noah Holdings Limited, declared that its board of directors has approved a share repurchase program, effective right away, which authorizes the Company to repurchase up to US$50 million worth of its issued and outstanding American Depositary Shares (“ADSs”) over the course of one year.
In addition to the Company’s share repurchase program, three executive directors, Ms. Jingbo Wang, Mr. Zhe Yin, and Ms. Chia-Yue Chang, all intend to purchase Noah’s ADSs on the open market.
Noah Holdings Limited, through its auxiliaries, operates as a wealth administration service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People’s Republic of China.
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