MS · Morgan Stanley

Wells Fargo CEO Charlie Scharf says the current environment is "really good for banks" and notes WFC is being disciplined in adding investment banking resources (implying measured expense growth and cautious expansion in IB).

Weekly wrap commentary: bank earnings (JPM, GS, MS, WFC, C) came in “better than feared,” viewed as a confidence boost for markets/financials; IBM had a notably bad quarter; PayPal discussed as a potential sale/strategic outcome; mentions of reports from NFLX, Elevance (ELV), UnitedHealth (UNH), GE Aerospace (GE); brief Iran war/geopolitical update; discussion of Circle & stablecoins (theme-level).

Broadcast highlights: ASML beats/raises and signals capacity/production expansion with outlook to 2028, lifting broader tech/semis. Morgan Stanley reports record equities trading revenue and strong wealth management net new assets (~$148B; cited as ~8% organic growth), with commentary that dealmaking pipelines are full. BlackRock AUM referenced as above estimates. Macro backdrop framed as another tame inflation print (PPI) while the Fed is on Capitol Hill (policy scrutiny).

Content discusses strong expected trading revenue for Wall Street banks (~$39B), a “higher for longer” rate backdrop, implications for net interest margins (NIM) and capital return (incl. buybacks), and expresses a clear preference for Citi as a value+growth idea versus peers (mentions JPM valuation context).

Pre-market macro/market color: equities drifting, oil down on Iran/U.S. progress headlines; U.K. political shock (Starmer resigns). Single-stock movers: semis bid (Micron +5%, Intel +3%) on Micron earnings setup; Chevron and Microsoft mentioned in a power/data-center deal. SpaceX (private) launching first bond sale to fund AI ambitions and/or refinance debt (not tradable directly). Transcript discusses (1) the death of former Fed Chair Alan Greenspan, (2) market interpretation of a more hawkish-

Very short social post expressing negative sentiment (“Hell on Earth”) about attending/experiencing two investor conferences: JPM Healthcare and Morgan Stanley TMT. No company-specific, sector-specific, macro, valuation, catalyst, or positioning claims are made; no cashtags/tickers present.

The source is a fragmented discussion about large private-company revenue/ARR milestones (e.g., “$30B ARR”), comparisons to early NASDAQ-era growth, and a broad “historic IPO wave” framing, with mentions of SpaceX, xAI/Grok, Anthropic, and OpenAI. It contains no concrete timing, pricing, filing details, or specific IPO candidates beyond speculative references, so actionable trading signal is limited.

Post claims Alphabet is proposing an ~$80B equity capital raise; author comments (in Russian) they expected a lot of issuance this year and new records, and suggests that at current prices/uncertainty “it’s better to do paper (equity)”. No details on structure/timing/confirmation.

Post claims Alphabet is proposing an ~$80B equity capital raise; author notes 2026 could see large equity issuance and argues selling stock at current prices/uncertainty can be preferable to borrowing. If true, this is materially dilutive and would likely be a near-term negative catalyst for Alphabet and potentially a mild headwind for mega-cap tech sentiment; also a potential positive for equity underwriting fees at large investment banks.

Источник утверждает, что рынок IPO «разогрелся» и начинается «великий AI кэшаут»: планы по объему размещений на год были ~$160 млрд, при этом AI-эмитенты (пример: Cerebras) увеличивают размер IPO (апсайз ~+50% от предварительных цифр). Делается вывод, что рынок потенциально может приблизиться/превзойти уровни 2021 года (тогда ~260…).

Пост описывает «разогрев» рынка IPO и возможный крупный выход («AI cashout») через размещения AI-компаний (пример: Cerebras увеличивает размер IPO). Автор предполагает, что объемы IPO могут приблизиться/превысить уровни 2021 года. Риск/страхи по «заливу» (просадке) рынок, по мнению автора, игнорирует — формируется консенсус «не так страшно», то есть режим risk-on может продолжиться, пока «музыка играет».

Гость нового интервью Private Talks — Олег Буклемишев, экономист и глава Центра исследования экономической политики МГУ имени М. В. Ломоносова. В прошлом занимал руководящие посты в Министерстве финансов, правительстве РФ и инвестбанке Morgan Stanley. Ведущая Юлия Кульматицкая обсудила с ним состояние российской экономики. С чем мы столкнемся в 2026-м? Если повышение налогов не закроет дыру в бюджете, каких еще мер ожидать? Поможет ли завершение СВО решить проблему дефицита? И почему банки — в о