|Bid||47.50 x 3200|
|Ask||47.65 x 800|
|Day's Range||47.29 - 48.14|
|52 Week Range||36.74 - 55.64|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||10.06|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.20 (2.84%)|
|1y Target Est||52.07|
When community activists, unions and local politicians thwarted Amazon’s plans for a corporate complex in Queens, New York, the victory rattled investors and financial advisers who hope to profit from the federal government’s Opportunity Zones programme. Before withdrawing, Amazon said it would not apply for generous tax breaks allowed under the scheme. Under a law passed in 2017, the US Treasury has designated more than 8,700 areas across 50 states as economically distressed, labelling them “opportunity zones”.
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.
(MS)’s wealth management business reported better-than-expected first-quarter results, rebounding from a rocky fourth quarter. The unit’s net revenue came in at $4.39 billion, up 6% from the fourth quarter of 2018 and flat from a year earlier. Meanwhile, pretax profit was $1.19 billion, up 18% from last year’s fourth quarter and 2% year over year.
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.
Amid slump in investment banking and trading, Morgan Stanley's (MS) Q1 earnings beat estimates driven by loan growth and lower expenses.
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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 (MS), PepsiCo (PEP) and Kansas City Southern (KSU) are among those companies putting out Q1 earnings results this morning.
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 (MS) delivered earnings and revenue surprises of 13.68% and 2.91%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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.
Maxim Group maintained its buy rating of the company, citing expected solid growth in the first quarter and margin expansion, according to Briefing.com.
Shares of Morgan Stanley jumped 2.3% in premarket trade Wednesday, putting them on track to open at the highest level since September 2018, after the broker reported first-quarter profit and revenue that fell less than expected, helped by growth in net interest income (NII). Net income declined to $2.34 billion, or $1.39 a share, from $2.58 billion, or $1.45 a share, in the year-ago period. The FactSet EPS consensus was $1.17. Total revenue fell 7% to $10.29 billion, but was above the FactSet consensus of $9.88 billion, as NII growth of 4% to $1.01 billion topped expectations of $974.6 million. Trading revenue declined 9% to $3.44 billion, beating the FactSet consensus of $3.20 billion, while investment banking revenue dropped 24% to $1.24 billion, missing the FactSet consensus of $1.33 billion. "We delivered solid earnings despite a slow start to the year following the turbulent markets in the fourth quarter," said Chief Executive James Gorman. "Even though risks to the global environment remain, markets have recovered and we are well positioned to serve our clients and invest in our businesses." The stock has soared 18.6% year to date through Tuesday, while the S&P 500 has climbed 16.0%.
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 ...