Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
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Go back to Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
April 17, 2024 8:41 AM EDT
Jefferies analyst Daniel Fannon raised the price target on Morgan Stanley (NYSE: MS) to $109.00 (from $107.00) while maintaining a Buy rating.
The analyst comments "Post 1Q24 results, we increase our EPS est's for 2Q24/2024 to $1.74/$7.25 from $1.59/$6.50 previously. Positive revisions reflect continued strength in IB... More
April 16, 2024 12:50 PM EDT
CFRA analyst Ken Leon raised the price target on Morgan Stanley (NYSE: MS) to $108.00 (from $97.00) while maintaining a Buy rating.
The analyst comments "
MS stands to significantly benefit from the early stage recovery in investment banking and asset management. We... More
April 16, 2024 7:38 AM EDT
Morgan Stanley (NYSE: MS) has reported a notable increase in its first-quarter earnings and revenue, surpassing analyst expectations and prompting a 2% rise in its shares premarket. The financial services firm announced net revenues of $15.1 billion for the quarter ended March 31, 2024, a 4.1% increase from the $14.5 billion reported in the same period last year. Adjusted earnings per share (EPS) reached $2.02, exceeding the analyst estimate of $1.67 by $0.35.
Chief... More
