If you take the intangible and goodwill assets of the books MS is worth 24.27. Add back the intangibles and leave out the goodwill you get 27.63. That's based on 1.487 billion shares.
Earnings bar has been lowered to .57 cents per share for this quarter. If MS can get 9.O billion in revenue. I see .87 cents per share. Any way they will beat the anails .57 cents easy. But the market could give a crap about the fundementals. I also have them growing the balnce sheet at 6% this quarter which would make book at about $29.29. please keep in mind I can add better then I can spell.