Morgan Stanley (MS) earnings beat lifts stock
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Morgan Stanley (MS) PT Raised to $109 at Jefferies
April 17, 2024 8:41 AM EDTJefferies 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
Morgan Stanley (MS) PT Raised to $108 at CFRA
April 16, 2024 12:50 PM EDTCFRA 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
Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
April 16, 2024 7:34 AM EDTBy Tatiana Bautzer and Manya Saini
(Reuters) -Morgan Stanley's first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7%.
Investment banking revenue climbed 16% from a year earlier. Fixed-income underwriting did well for a second quarter in row, driven by higher bond issuance. The Wall Street giant's wealth and investment management divisions also benefited from surging client assets.
"It was an excellent quarter all around," Chris Kotowski, an analyst at Oppenheimer, wrote in a note. The bank achieved a "near-perfect print" like rival Goldman Sachs did on Monday,... More
Morgan Stanley (MS) Tops Q1 EPS by 35c
April 16, 2024 7:30 AM EDTMorgan Stanley (NYSE: MS) reported Q1 EPS of $2.02, $0.35 better than the analyst estimate of $1.67. Revenue for the quarter came in at $15.1 billion versus the consensus estimate of $14.42 billion.
For earnings history and earnings-related data on Morgan Stanley (MS) click here.
... MoreQuarterly corporate earnings, Chinese growth, UK wages - what's moving markets
April 16, 2024 5:12 AM EDTInvesting.com -- The quarterly corporate earnings season continues Tuesday, with Bank of America and Morgan Stanley the latest of the country's major banks to report. Elsewhere, China's growth exceeded expectations, while U.K. wage growth showed signs of stabilizing.Â
1. Major banks continue to reportÂ
The first quarter earnings season will continue Tuesday, with the U.S. banking sector remaining in focus as Bank of America (NYSE:... More
