Morgan Stanley Posts Record Earnings, Revenue

Morgan Stanley Posts Record Earnings, Revenue

Wood has "Market Perform" rating and $30 target. On Tuesday, January 2 Barclays Capital maintained the shares of MS in report with "Hold" rating.

Asked by analysts whether the target should be raised, Gorman said it would be "silly" to change so quickly, but that he would re-evaluate if Morgan Stanley generates returns above that range through the rest of the year. JPMorgan Chase & Co. restated a "buy" rating on shares of Morgan Stanley in a research report on Thursday, March 30th. Compass Point downgraded Morgan Stanley from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock.in a research report on Monday, March 27th.

In other Morgan Stanley news, insider Daniel A. Simkowitz sold 87,050 shares of the company's stock in a transaction on Wednesday, February 14th.

MS traded up $0.02 on Wednesday, hitting $53.26. This is an increase over the company's earnings per share of $1.00 from the same time a year ago. And Morgan Stanley doesn't break out headcount in its institutional securities division, so it's quite possible that increased compensation spending is the result of higher headcount and won't flow through to individuals. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77.




The results continue a strong run of US bank earnings with a confluence of favourable factors boosting the sector: US Federal Reserve interest rates are rising, while a bout of market volatility in the first quarter boosted trading desks, and the US Republican party forced through unfunded tax cuts at the end of a year ago. The financial services provider reported $0.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.07. Its revenues from equities came in at $2.6 billion, up 27% from a year ago. On Wednesday, January 10 Atlantic Securities upgraded Morgan Stanley (NYSE:MS) to "Overweight" rating.

Boosted by the market chaos, Morgan Stanley's sales and trading revenue soared by 25% to $4.4 billion last quarter. He also noted that the first quarter of the year tends to be the strongest for capital markets activity, which suggests profits through year-end may be less impressive.

Wealth Management pretax income of $1.2B vs. $973M a year ago. The stock was sold at an average price of $55.34, for a total value of $5,534,000.00. Patten & Patten Incorporated Tn invested in 70,727 shares or 0.37% of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock. Risk Paradigm Group LLC now owns 2,899 shares of the financial services provider's stock worth $152,000 after buying an additional 2,499 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Morgan Stanley by 42.3% during the 3rd quarter. Xact Kapitalforvaltning AB grew its stake in Morgan Stanley by 6.3% in the fourth quarter. Susquehanna International Group LLP acquired a new stake in Morgan Stanley during the 3rd quarter valued at $208,000. Finally, Accuvest Global Advisors lifted its holdings in Morgan Stanley by 121.8% during the 4th quarter. The fund owned 341,652 shares of the financial services provider's stock after selling 38,639 shares during the period.

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