Morgan Stanley (MS) tops Q2 expectations on strong investment banking results

Morgan Stanley (MS) PT Raised to $124 at CFRA

July 16, 2024 12:39 PM EDT

CFRA analyst Ken Leon raised the price target on Morgan Stanley (NYSE: MS) to $124.00 (from $108.00) while maintaining a Buy rating.

The analyst comments "We are confident MS will significantly benefit from investment banking. We raise our target $16 to $124 on a forward P/E of... More

Citi on Morgan Stanley (MS): 'ISG Drives Strong Core Beat'

July 16, 2024 8:34 AM EDT

Citi analyst Keith Horowitz reiterated a Neutral rating and $98.00 price target on Morgan Stanley (NYSE: MS).

The analyst comments "MS reported a core beat to expectations as ISG top line came in stronger than expectations, particularly on debt underwriting and equities markets.... More

Morgan Stanley profit surges on investment banking, trading, while wealth lags

July 16, 2024 7:32 AM EDT

By Tatiana Bautzer and Manya Saini

(Reuters) -Morgan Stanley's second-quarter profit beat expectations on Tuesday, driven by a surge in investment banking and trading revenues that overcame muted results in wealth management.

The bank joined other Wall Street lenders, including Bank of America and JPMorgan in reporting higher investment banking revenue, fueled by growing confidence in the U.S. economy that prompted companies to raise more money and strike deals.

Morgan Stanley shares rose almost 2%, reversing earlier losses, as CEO Ted Pick expressed confidence in its dealmaking prospects. He said the bank is on track... More

Morgan Stanley (MS) Tops Q2 EPS by 17c

July 16, 2024 7:30 AM EDT

Morgan Stanley (NYSE: MS) reported Q2 EPS of $1.82, $0.17 better than the analyst estimate of $1.65. Revenue for the quarter came in at $15 billion versus the consensus estimate of $14.32 billion.

For earnings history and earnings-related data on Morgan Stanley (MS) click here.

... More