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Wednesday, May 7, 2014

Market Chatter- Corporate finance press digest, (NYSE: JPM), (NYSE: MS)

The following corporate finance-related stories were reported by media: * France's Casino hired Morgan Stanley & Co and JPMorgan Chase & Co to list its global e-commerce platform spanning from Brazil to Thailand, a person familiar with the matter said late on Tuesday, as the group confronts competition from U.S. giant Amazon Inc and Chinese rival Alibaba (IPO-ALIB.N).* Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday.

JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 1.62% or $-0.88/share to $53.34. In the past year, the shares have traded as low as $48.61 and as high as $61.48. On average, 19161800 shares of JPM exchange hands on a given day and today's volume is recorded at 25327416.

Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 2.03% or $-0.61/share to $29.46. In the past year, the shares have traded as low as $23.06 and as high as $33.52. On average, 12742600 shares of MS exchange hands on a given day and today's volume is recorded at 16285597.



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