On Friday, Shares of Morgan Stanley (NYSE:MS), lost -0.70% to $34.06.
Morgan Stanley, Morgan Stanley Wealth Administration launched the 2015 series of two unit investment trusts: The Uncommon Values UIT and Uncommon Values Growth & Income UIT. The two trusts are based on Morgan Stanley’s Vintage Values research report.
Each year, Morgan Stanley’s analysts present the stock ideas they believe most likely to realize superior risk-adjusted returns over the next 12 months to the Stock Selection Committee and Research Administration. The committee then determines the final list for the Vintage Values report based on these presentations.
“The stocks in the Vintage Values report reflect the cornerstone strengths of Morgan Stanley’s analysts: their insight into emerging industry trends, rigorous bottom-up company analysis, and their assessment of what they believe to be among the most attractive risk/reward profiles — in fact, our analysts’ estimates are above Street consensus for every stock in the report,” said Stephen Penwell, Managing Director, Morgan Stanley & Co. North America Research.
“Morgan Stanley has been a sponsor in the UIT space since 2014. This has enabled us to bring all elements – stock selection, portfolio construction and distribution – together under one roof at the firm,” said Colbert Narcisse, Morgan Stanley Managing Director and Head of Traditional Investment Products.
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, in addition to provides capital raising and corporate lending services.
Shares of Exelon Corporation (NYSE:EXC), declined -0.98% to $31.41, during its last trading session.
Constellation declared that it is accepting applications for its 2015 E2 Energy to Educate Grants program. Since its inception in 2010, the program has offered over $1.8 million in funding for student projects that have improved the understanding of energy-related science and technology issues for an estimated 88,000 students.
Students in grades six through 12 can apply for program grants up to $25,000; students in two- and four-year colleges can apply for up to $50,000. Applications are now being accepted, and the deadline for submissions is Oct. 1, 2015.
“Education and creativity are essential for developing the solutions required to create a greener energy future,” said Joseph Nigro, CEO of Constellation. “We’re proud to support research and education programs that assist prepare students for the energy opportunities that lie ahead and to build the science, math and technology skills they need to be successful in any career.”
In 2014, the program awarded $340,000 and reached nearly 7,000 students nationwide. The student projects comprised of developing demand response technologies, model electric vehicle competitions, renewable energy and energy efficiency analysis, and many other topics.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Finally, Abercrombie & Fitch Co (NYSE:ANF), ended its last trade with -2.79% loss, and closed at $19.18.
Abercrombie & Fitch Co, stated second quarter financial results that reflected a GAAP net loss of $0.8 million and net loss per diluted share of $0.01 for the thirteen weeks ended August 1, 2015, contrast to GAAP net income of $12.9 million and net income per diluted share of $0.17 for the thirteen weeks ended August 2, 2014.
Not taking into account certain items, the Company stated an adjusted non-GAAP net income of $8.6 million and net income per diluted share of $0.12 for the second quarter, contrast to adjusted non-GAAP net income of $14.1 million and net income per diluted share of $0.19 for the second quarter last year. The year-over-year reduction in adjusted non-GAAP net income per diluted share comprised of an adverse impact from changes in foreign currency exchange rates of about $0.18.
On a sequential basis, comparable sales trends improved broadly from last quarter. In addition, adjusted non-GAAP operating and net income were above last year on a constant currency basis.
A reconciliation of GAAP financial measures to non-GAAP financial measures is comprised of in a plan accompanying the merged financial statements with this release.
Arthur Martinez, Executive Chairman, said:
“In our second quarter, we delivered a meaningful sequential improvement in comparable sales, stabilized gross margins and achieved noteworthy expense reductions. Our results exceeded what we signaled in our first quarter earnings call and give us confidence that we are on the right track, although we recognize that we still have much to achieve.
Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids. The company operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer.
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