Morgan Stanley (NYSE:MS) likely to get regulatory approval for owning majority stake in Chinese securities joint venture

Morgan Stanley (NYSE:MS) is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters. The U.S. investment bank’s joint venture informed the China Securities Regulatory Commission (CSRC) a couple of months ago about plans to changes in equity holding, subject to regulatory approval, the people said.

Morgan Stanley (NYSE:MS), a Financial sector firm, traded 7.4 Million shares in last trading session with closing price of $43.49 per share. Company gross margin stands at 68.30% whereas its return on investment (ROI) is 1.80%. Stock value has moved between $36.86 – 51.77 in last one year. Analyst’s mean target price for Morgan Stanley (NYSE:MS) is $54.24 while analysts mean recommendation is 2.00. MS EPS growth this year is 26.60%. 

On last trading day, BP p.l.c. (NYSE:BP) shares closed at $41.62 per share. BP market capitalization is 138500.95 with beta of 0.76. Analyst’s mean target price for BP p.l.c. (NYSE:BP) is $50.18 whereas analysts mean recommendation is 2.40. Its weekly performance is -0.45% while year to date (YTD) performance is 9.76%. 

In last session BHP Group (NYSE:BHP) traded 1.74 Million shares and was closed at $58.21. Analyst’s mean target price for BHP is $49.77 while analysts mean recommendation is 2.00. Company is 0.28% away from its 52 week high and is moving 40.56% ahead of its 52 week low. BHP return on assets is 2.30%. BHP Group (NYSE:BHP) quarterly performance is 7.78% while its price to sale ratio is 3.21. 

Extraction Oil & Gas, Inc. (NASDAQ:XOG), a Basic Materials sector firm, traded 11.12 Million shares on last trading day with closing price of $4.29 per share. Company gross margin stands at 84.50% whereas its return on investment (ROI) is 7.90%. Stock value has moved between $3.13 – 15.89 in last one year. Analyst’s mean target price for Extraction Oil & Gas, Inc. (NASDAQ:XOG) is $7.65 while analysts mean recommendation is 2.50. XOG EPS growth this year is 214.30%. 

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