New York, Jan 19, 2026, 14:26 EST — Market closed.
- Morgan Stanley shares finished the previous session at $189.09, slipping 1.1%.
- U.S. cash equities remained closed for the MLK Day holiday, while stock-index futures dipped amid new U.S. tariff threats targeting parts of Europe.
- Traders will be eyeing Tuesday’s reopen for clues on banks and brokers, with U.S. inflation data set to drop later this week.
Morgan Stanley shares ended Friday down 1.1% at $189.09. With U.S. markets closed Monday for Martin Luther King Jr. Day, investors won’t see new cash-market prices until Tuesday. Stock-index futures dropped over 1% on Monday following President Donald Trump’s threat of new tariffs targeting several European allies. (Yahoo Finance)
The timing is crucial for MS since it’s closely linked to risk appetite—whether in trading, investment banking, or wealth clients deciding to shift funds. “A lot of people … are fairly aghast,” said Francesca Fornasari, head of currency solutions at Insight Investment, referring to the weekend’s tariff chatter and the rush to reconsider positions. (Reuters)
The stock heads into Tuesday following a volatile two-day run last week: a 5.8% surge Thursday, then a retreat Friday, based on historical pricing data. Morgan Stanley topped analyst forecasts in its quarterly earnings, boosted by rising dealmaking and underwriting fees. The bank’s CFO highlighted an “accelerating pipeline” for M&A and IPO activity. (Investing)
Morgan Stanley CFO Sharon Yeshaya disclosed in a Form 4 filing that she received 36,965.47 shares via restricted stock unit conversion. Of those, 16,159 shares were withheld to cover taxes, priced at $191.23 each. This was part of equity compensation, not a market buy. (SEC)
Morgan Stanley revealed terms for a $1.5 billion “fixed rate reset” subordinated note maturing in 2041. The debt offers an initial fixed coupon, which will later reset tied to a Treasury rate plus a spread, with settlement scheduled for Jan. 20, according to a prospectus filing.
Tuesday’s slate of earnings goes beyond Morgan Stanley, with Interactive Brokers, Fifth Third Bancorp, and KeyCorp all reporting. Their results could shift sentiment for brokers and banks heading into the week. (Market News)
Macro factors are driving the action for now. Gold and silver surged to record highs Monday amid a safety rush tied to the Greenland tariff spat. Analyst Linh Tran at XS.com noted that markets often “reallocat[e] toward safe-haven assets” when policy risks rise sharply. (Reuters)
The risk for MS holders is that the tariff threat stops being just noise. If markets turn more risk-averse, it could halt new deals, push credit spreads wider, and drag down market levels — hitting investment banks and fee-based wealth assets hard.
The U.S. Commerce Department’s Bureau of Economic Analysis will release the PCE price index on Thursday, a key inflation metric the Federal Reserve monitors closely. (Bea)
Next up is the Fed’s policy meeting on Jan. 27-28. Morgan Stanley sees Tuesday’s market reopen as a mood setter, but the bigger question is whether inflation and rate forecasts shift enough to alter how investors value banks. (Federal Reserve)
