Morgan Stanley (MS) Under Pressure Ahead of Q3 Results
Tweet
Share
E-mail
Get Alerts MS Hot Sheet
Join SI Premium – FREE
Morgan Stanley (NYSE: MS), one of the two remaining large independent investment banks following the collapse of Bear and Lehman and sale of Merrill, is under heavy pressure today ahead of Q3 results from the company tomorrow. Shares are down 16%, a new 52-week and multi-year low, but off the day's lows.
Rival Goldman Sachs, which is considered the strongest in the group, reported results this morning. Goldman reported better-than-expected results on the bottom line but lower-than-expected results on the top line, but profits sank 70% in the quarter and revenue was down nearly 50%.
On average, analysts expect Morgan Stanley to reports EPS of $0.78 and revenues of $6.32 billion. Analysts also see more write-downs related to souring assets.
Morgan Stanley's credit-default swaps, which provide protection to bondholders against a default, are on the rise.
Rival Goldman Sachs, which is considered the strongest in the group, reported results this morning. Goldman reported better-than-expected results on the bottom line but lower-than-expected results on the top line, but profits sank 70% in the quarter and revenue was down nearly 50%.
On average, analysts expect Morgan Stanley to reports EPS of $0.78 and revenues of $6.32 billion. Analysts also see more write-downs related to souring assets.
Morgan Stanley's credit-default swaps, which provide protection to bondholders against a default, are on the rise.
You May Also Be Interested In
- Goldman Sachs Downgrades Poly Property Services Co Ltd (6049:HK) to Neutral
- Goldman Sachs on NVIDIA (NVDA): 'We expect the stock to be range bound'
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Goldman Sachs, Morgan StanleySign 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!
