Nomura Securities Maintains a 'Neutral' on Morgan Stanley (MS); Adjusting Estimates on Q1 Review
Tweet
Share
E-mailGet Alerts MS Hot Sheet
Price: $217.36 -0.47%
Rating Summary:
22 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 17 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Morgan Stanley (NYSE: MS) price target of $29.00.
Analyst, Glenn Schorr, said, "MS reported EPS of $0.71 ex DVA vs. our/street ests of $0.40/$0.44. The strong beat was driven by flat out great trading results and reasonable wealth management trends, which more than offset sluggish investment banking activity. MS posted its best FICC quarter since 1Q10 and notched the highest y/y improvement among peers. We remain Neutral, as despite the progress, a 9% ROE in what was a great trading quarter for MS shows it still has ground to make up and we think MS will continue to trade at a discount to tangible book until it posts double-digit ROEs. F12E/F13E EPS from $1.66/$2.15 to $1.50/$2.50, respectively."
For an analyst ratings summary and ratings history on Morgan Stanley click here. For more ratings news on Morgan Stanley click here.
Shares of Morgan Stanley closed at $18.07 yesterday.
Analyst, Glenn Schorr, said, "MS reported EPS of $0.71 ex DVA vs. our/street ests of $0.40/$0.44. The strong beat was driven by flat out great trading results and reasonable wealth management trends, which more than offset sluggish investment banking activity. MS posted its best FICC quarter since 1Q10 and notched the highest y/y improvement among peers. We remain Neutral, as despite the progress, a 9% ROE in what was a great trading quarter for MS shows it still has ground to make up and we think MS will continue to trade at a discount to tangible book until it posts double-digit ROEs. F12E/F13E EPS from $1.66/$2.15 to $1.50/$2.50, respectively."
For an analyst ratings summary and ratings history on Morgan Stanley click here. For more ratings news on Morgan Stanley click here.
Shares of Morgan Stanley closed at $18.07 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- UBS Reiterates Buy Rating on HF Sinclair (DINO)
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Morgan Stanley, NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
