|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||27.75 - 27.92|
|52 Week Range||25.35 - 28.38|
|Beta (3Y Monthly)||0.15|
|PE Ratio (TTM)||5.97|
|Forward Dividend & Yield||1.72 (6.22%)|
|1y Target Est||N/A|
Morgan Stanley reported first quarter earnings that exceeded market expectations. Yahoo Finance's Alexis Christoforous and Brian Sozzi discuss that, along with PEPISCO earnings which also topped Wall Street's Q1 expectations.
Mike Mayo of Wells Fargo Securities weighs in on the state of big U.S. banks, including Goldman Sachs' pivot to consumer banking. He says it is still "early days" for Goldman's foray.
U.S. stocks ended a choppy session slightly lower as investors considered stronger-than-expected economic data from China and a latest batch of corporate earnings results.
Morgan Stanley earnings fell vs. a year earlier but beat views. Revenue also topped, unlike Goldman Sachs and some other big banks. Morgan Stanley stock rose.
It remained to be seen whether client sentiment and re-leveraging would pick up the pace quickly in 1Q19 following the fourth quarter jitters, if at all. With the bar set low, Morgan Stanley's revenue and earnings beat will likely serve as encouragement for investors to set aside concerns that had started to mount in the latter part of 2018, likely injecting a bit of adrenaline into the stock in the near term. Noteworthy this quarter was a resilient wealth management business, one of the largest and most relevant of Morgan Stanley's segments.
After all, the firm derives almost all of its revenue from market-related fees, a weak spot for competitors like Bank of America Corp. and JPMorgan Chase & Co., which made up the shortfall with their consumer units. Investment banking came in especially weak, with Morgan Stanley posting the biggest decline among competitors. It brought in just $1.15 billion for advising on mergers and acquisitions, debt offerings and equity capital markets, which was 24 percent lower than the same period last year.
Health care stocks have fallen out of favor due to sector rotation and political pressure. Explore three trading ideas to benefit from falling prices.
Morgan Stanley gets about half its annual revenue from wealth management, which helps it ride out weak periods for trading and investment banking. "This quarter ... shows the resiliency of wealth management, which is an important indicator of the health of our business," Chief Financial Officer Jonathan Pruzan said in an interview. Overall, Morgan Stanley reported a quarterly profit of $2.34 billion (£1.80 billion), or $1.39 per share, down from $2.58 billion, or $1.45 per share, in the year-earlier period.
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the Estimates(Continued from Prior Part)Valuation Morgan Stanley (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio. The stock is trading at a PBV
Stock futures gained strength ahead of Wednesday's open as Intel and IBM divided the Dow Jones industrials and chip stocks appeared set to rally.
Bond-trading revenue fell 9 percent, a smaller drop than at rival Goldman Sachs Group Inc. and less than the 15 percent slump analysts had estimated. Revenue rose at the firm’s wealth and asset management units, helping it counter the biggest slump in investment-banking fees on Wall Street. Morgan Stanley generates nearly all its revenue from fees tied to the markets, a larger share than rivals such as JPMorgan Chase & Co. that leaned on their retail-banking units in the first quarter.
(MS) stock gained another nearly 2% in premarket trading after the bank’s first-quarter earnings beat Wall Street expectations. Through Tuesday’s close, Morgan Stanley stock (ticker: MS) was up 18.5% this year, compared with 16% for the broader S&P 500. Morgan Stanley reported earnings of $1.39 per share, which beat Wall Street consensus estimates of $1.17.
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the EstimatesMorgan Stanley’s first-quarter results Morgan Stanley (MS) reported its first-quarter results on April 17. The company reported an EPS of $1.39, which beat the consensus estimates of $1.17
Morgan Stanley’s chief executive has warned that banks could soon be revisited by the market turmoil that crushed trading profits late last year despite his bank topping quarterly earnings forecasts and reporting a robust start to April. by the market volatility in the fourth quarter when a 30 per cent drop in fixed income trading revenue helped to drag net income down 9 per cent. Mr Gorman and his team had a better story to tell on Wednesday.
The New York-based company said it had earnings of $1.39 per share. Earnings, adjusted for pretax gains, were $1.33 per share. The results surpassed Wall Street expectations. The average estimate of four ...
Morgan Stanley reported a 9 percent drop in quarterly profit on Wednesday as equities and bond trading fell due to low market volatility. The bank said earnings attributable to common shareholders fell ...
Morgan Stanley has been working since the financial crisis to revamp its business mix away from risky sources of earnings and instead rely on fee-generating businesses that require less capital
Goldman was poised for an upside breakout, but instead slipped on an earnings disappointment. Morgan Stanley is up 16.2% year to date and in bull market territory 25.4% above its Dec. 24 low of $36.74.
Financial giants J.P. Morgan JPM and Wells Fargo WFC kicked off earnings season on Friday, both issuing better-than-expected results. "J.P. Morgan has set an unbelievable tone," Quint Tatro, managing director of Joule Financial, said Friday. "I think we're going to see that from more of the consumer-focused banks, but I don't think that they're going to reach nearly the levels that J.P. Morgan did.
Out of 50 of the largest companies in America, the highest median employee pay in 2018 was at Texas-based oil giants Phillips 66 and Exxon Mobil Corp.
FT premium subscribers can click here to receive Due Diligence every day by email. Forese, a 34-year Citi loyalist who led the investment bank since 2013, is “retiring” and will be replaced by Paco Ybarra, the straight-talking fixed income, currencies and commodities trader who runs Citi’s markets business from London.
(Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc. lined up lead roles on Uber Technologies Inc.’s initial public offering, joining a roster of 29 banks that will help the ride-hailing giant go public.