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Search results for Morgan Stanley

Finance

U.S. banks near third-quarter earnings as higher rates raise warning sign on deposit costs

Major U.S. banks are about to report third-quarter results, with the cost of keeping and attracting deposits emerging as a key factor for profitability. A September Federal Reserve rate increase is expected to lift loan interest income, but it could also force banks to pay more to retain depositors. Investors are watching net interest income and net interest margin, while loan growth is seen as supportive. Share buybacks and AI spending are also in focus.

Industry

SpaceX valued at $2.3 trillion but still undervalued, Morgan Stanley reaffirms $300 target

SpaceX shares extended gains after investment banks issued positive views. Morgan Stanley analyst Adam Jonas reaffirmed an overweight rating and a $300 price target, saying SpaceX may look expensive on simple valuation comparisons but appears cheaper once expected growth is factored in. Goldman Sachs analyst Eric Sheridan kept a buy rating and raised his target to $230 from $220. SpaceX market capitalisation rose above $2.3 trillion.

AI & Enterprise

Anthropic to spend $100 million to train customer engineers directly

Anthropic will invest $100 million to train 10,000 engineers to lead companies\' AI adoption on the ground. According to TechRadar, it has launched the Claude Frontier Academy and plans to develop 10,000 Frontier Deployment Engineers by the end of 2027. Trainees, selected from companies’ own engineers, will go through in-person training, project work and a 12-week residency. Participants include engineers from Accenture, Bain, Capgemini, CBA, Deloitte, McKinsey, Morgan Stanley and Novo Nordisk.