Morgan Stanley (NYSE:MS) Intends to Shatter 1,600 Jobs Due to “Market Conditions” – LPLA, AMTD, IBKR, MS

Morgan Stanley (NYSE:MS) aims to shatter 1,600 employments because of market conditions, as said by a person with knowledge about the financial company’s plans.

The source without mentioning name reported that the layoffs will hit workers at all levels, but more emphasis will be on more senior workers.

The jobs cut will target what the financial company calls its institutional securities group, which comprises investment banking and stock and bond trading units, in addition to the financial company’s back office support teams.

Morgan Stanley, which presently employs almost 58,000, has been lowering its workforce over the previous couple of years.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector.LPL Financial Holdings Inc(NASDAQ:LPLA) fell -0.63% to settle at $30.04, TD Ameritrade Holding Corp.(NYSE:AMTD) moved up +0.44% to end at $18.28 while Interactive Brokers Group, Inc.(NASDAQ:IBKR) dropped -0.14% to finish at $14.20on Friday.

Morgan Stanley (NYSE:MS) last session’s volume of 20.88million shares was lower than its average volume of 20.25million shares. The stock after opening at $20.16hit high price of $20.42and then closed at $20.17by scoring -0.84%.

The liquidity measure in recent quarter results of the company the debt to equity ratio was 2.88and long-term debt to equity ratio remained at 2.73. The Company had total cash of $591.57billion at hand and a book value per share as $30.53in the most recent quarter.

The stock’s price volatility was 2.16% for a week and 2.35% for a month as well as price volatility’s Average True Range for 14 days was 0.49and its beta remained at 1.59.

MSgenerated revenue of $30.89billion in the previous twelve months and earned -$853.00million. The Company showed a negative -0.84% in the net profit margin as well as in its operating margin which remained at -2.59%. Company’s annual sales growth for the past five years was -11.08%.

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