|Bid||139.85 x 300|
|Ask||139.89 x 400|
|Day's Range||139.35 - 140.34|
|52 Week Range||104.88 - 140.34|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
Of the analysts surveyed by Reuters, ~55% have rated Morgan Stanley (MS) a “buy.” Of the remaining 45%, 11% have given the stock “strong buy” recommendations, and 30% have given it “hold” recommendations. The above graph depicts analysts’ recommendations and mean price targets for MS. A total of 30% of analysts have rated Goldman Sachs (GS) as a “buy,” 33% have rated Citigroup as (C) a “buy,” and 26% have rated JPMorgan Chase (JPM) as a “buy.” MS makes up 2.3% of the iShares U.S. Financial Services ETF (IYG).
President Donald Trump signed a bill to cut corporate tax rates from 35% to 21% last month. Charges taken for tax have created a revenue dent for most banks, including Citigroup (C), Bank of America (BAC), and Goldman Sachs (GS). Morgan Stanley (MS) has reported a one-time net discrete tax provision of $990 million, composed of a ~$1.2 billion tax discrete provision offset by ~$168 million associated with reserves and interest-related tax examinations.
According to the employment report, job growth was robust across all the sectors except for the information (VGT) sector, which saw 4,000 job losses in December and over 50,000 job losses in 2017.
ADP's jobs report for November was published on December 6. It provided deeper insight into improvements in US employment.
Given that markets remain focused on the next Fed chair appointment and US tax reforms, volatility (VXX) could be low after the October jobs report.
As per the September ADP Employment Report, there was a major drop in the number of jobs created in the trade, transport, and utility sector.
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The banking industry has continued to recover over the past few months, as rates around the world rise. These 5 ETFs may benefit if investors like J.P. Morgan's results.