Morgan Stanley (NYSE:MS) has surged to a new all-time high, with shares reaching $142.04. The financial powerhouse now boasts a market value of $227 billion, highlighting its strong financial position. This milestone reflects a solid year of growth for the company, with its stock delivering an impressive 46% return over the past 12 months. Morgan Stanley’s consistency is further demonstrated by an 11-year streak of increasing dividends and a current dividend yield of 2.6%. As the firm continues to adapt to changes in the financial sector, its stock remains a strong signal of its market resilience and growth prospects.
In other developments, Elon Musk’s AI venture xAI has revised the yield on its $5 billion debt issuance. The yield on $3 billion of bonds was raised to 12.5% from the previous 12%. The financing package also includes a $1 billion fixed-rate term loan and a $1 billion term loan B, both with updated terms. These adjustments come as xAI works to finalize the deal amid investor concerns about financial stability. Barclays Plc, Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG), and UBS Group AG (NYSE:UBS) have joined Morgan Stanley in underwriting the debt, strengthening ties that may benefit future funding rounds.
Additionally, Morgan Stanley announced a boost to its quarterly dividend, raising it from $0.925 to $1.00 per share. The company also unveiled a $20 billion share repurchase program scheduled to start in Q3 2025.