Research on Financial Institution

Hi? All?
I've done research on then financial institution Morgan Stanley(securities firm), now Morgan Stanley Smith Barney (bank holding company) to find out their financial portfolio, if you will, here to display and make some point from my own view based on those findings.
From my findings then Morgan Stanley's MS common stock closing price on NYSE as of February 29, 2008 was US$42.12 (1).
One month ended December 31, 2008, the book value per common share of Morgan Stanley was $27.53 (2).
According to other source, on September 17, 2008, the British evening-news analysis program Newsnight reported that Morgan Stanley had its share price dropped 42%.
When the Financial Crisis happened during 2008 year, the Morgan Stanley received $10 billion from the Federal Government (the U.S Federal Government) (3).
For Morgan Stanley the net income from their cash flows from operating activities of fiscal 2008 was $1.7 billion and for 2010 the net income was $4.7 billion (2).
For profit, Morgan Stanley made in fiscal 2008 for earning applicable to their shareholder $ 1.495 billion, and in 2010 $3.594 billion (2).
Also, i have found out that Morgan Stanley did involved into subprime mortgage business.
Since Morgan Stanley was a firm that help manage investors to make smart investments, and it is involved into several fields besides subprime mortgage the shockwave of financial crisis or the influence of financial crisis of 2008 was not detrimental. However, i must admit that this firm is very competitive and attentive in their field of business, and that helped them. I have to applaud that the management of this firm made good decisions when the financial crisis happened, thus, the firm has been saved unlike the long time rival Lehman Brothers which were in the same business as Morgan Stanley, or at least that is what i come to understand from the information that i have read.
The surprising information that i have come across during the search of information regarding Morgan Stanley was that this firm has problem with their finding of right leadership/management team which is surprising as a firm that is very competitive, yet the leadership position is not being filled properly and that concerns the well-being of this firm.
Another fact that i discovered was that Morgan Stanley in 2008 announced with approval from the U.S Federal Reserve Board of Governors that this securities firm is now becoming a traditional bank holding company regulated by Federal Reserve, at the same time as Goldman Sachs has become a traditional bank holding.However, in Morgan Stanley's website i found that the way Morgan Stanley explained the fact that they are now changing into a traditional bank holding company means that "The Firm's status as a Federal Bank Holding Company also provides Morgan Stanley ongoing access to the Federal Reserve Bank Discount Window and expanded opportunities for funding, " And, further it says "nor does the Firm expect there to be limitations on its activities that would have a material impact on Morgan Stanley's overall business."(4) and i would translate those statements as now that Morgan Stanley has access to Federal Reserve and get funded by Federal Reserve next time if they make mess not only Morgan Stanley's money got into that play but also the Federal Reserve would be in jeopardy. And, the activities of the bank as of now wouldn't be altered by or tethered by the new title as traditional bank. I sensed alarm here. Morgan Stanley must be very careful with dealings involving Federal Reserve and Federal Reserve fund because those are tax-payers money.
 

URL's to the sources :
1. http://classic-web.archive.org/web/20080321044634/http://www.morganstanley.com/about/company/index.html
2. http://www.sec.gov/Archives/edgar/data/895421/000119312511050049/d10k.htm
3. http://www.morganstanley.com/about/press/articles/580e1eb2-54f3-11de-96f6-3f25a44c9933.html and http://www.morganstanley.com/about/press/articles/b7cf5f77-5b47-11de-96f6-3f25a44c9933.html
4. http://www.morganstanley.com/about/press/articles/6933.html




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