Company Performance - Morgan Stanley's stock closed at $91.95, reflecting a -1.55% change from the previous day, underperforming the S&P 500's -0.14% [1] - Over the past month, Morgan Stanley's shares have increased by 8.79%, outperforming the Finance sector's 4.92% and the S&P 500's 5.34% [1] - The upcoming earnings report is scheduled for April 16, 2024, with expected EPS of $1.70, unchanged from the prior year, and a revenue estimate of $14.41 billion, indicating a 0.73% decrease year-over-year [1] Earnings Estimates - For the full year, earnings are projected at $6.33 per share and revenue at $56.64 billion, representing increases of +15.93% and +4.62% respectively from the prior year [2] - Recent changes in analyst estimates reflect near-term business trends, with positive revisions indicating optimism regarding the company's profitability [2] Valuation Metrics - Morgan Stanley has a Forward P/E ratio of 14.76, which is lower than the industry average of 17.81, indicating it is trading at a discount [3] - The company has a PEG ratio of 1.9, compared to the Financial - Investment Bank industry's average PEG ratio of 1.21 [3] Industry Overview - The Financial - Investment Bank industry is currently ranked 16 in the Zacks Industry Rank, placing it in the top 7% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Morgan Stanley (MS) closed the most recent trading day at $87.96, moving -0.48% from the previous trading session. This move lagged the S&P 500's daily gain of 0.63%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.82%.The the stock of investment bank has risen by 2.17% in the past month, lagging the Finance sector's gain of 2.48% and overreaching the S&P 500's gain of 1.76%.Analysts and investors alike will be keeping a close eye on the performance of ...

The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.Morgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firmwide artificial intelligence, CNBC has learned.The bank is elevating Jeff McMillan, a veteran of the New York-based bank, to help guide its implementation of AI across the firm, according to a memo sent Thursday from co-presidents Andy Saperstein and Dan Simkowitz.Last y ...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley today announced the third cohort of winners of its Alliance for Children’s Mental Health Innovation Awards, an initiative that aims to fund and advance transformative mental healthcare solutions for children and young adults across the U.S. From nearly 750 applications, five organizations have been chosen for their inventive and scalable solutions for improving children’s mental health. Each organization will be awarded $100,000 to expand their programming, recei ...

Morgan Stanley (NYSE:MS) Annual Morgan Stanley European Financials Conference Transcript March 13, 2024 7:00 AM ET Executives Dan Simkowitz - Co-President Analysts Unidentified Analyst Thanks everyone for coming to this session with our very own Dan Simkowitz, Co-President of Morgan Stanley. Thanks for being here, Dan, in our 20th anniversary of the European Financials Conference. Before we start with the Q&A, I’ve got to read a disclaimer. The discussions may include forward-looking statements which reflec ...

Core Viewpoint - Morgan Stanley's stock has recently gained attention, with a slight return of +0.6% over the past month, underperforming the S&P 500's +3.4% and the investment banking industry’s +6% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for Morgan Stanley is $1.72 per share, reflecting a +1.2% change year-over-year, with a slight increase of +0.2% in the consensus estimate over the last 30 days [3] - For the current fiscal year, the consensus earnings estimate stands at $6.37, indicating a +16.7% change from the previous year, remaining unchanged over the last month [3] - The next fiscal year's consensus estimate is $7.26, showing a +14.1% increase from the prior year, also unchanged in the past month [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $14.53 billion, indicating a year-over-year change of +0.1% [5] - For the current fiscal year, the revenue estimate is $56.88 billion, reflecting a +5.1% change, while the next fiscal year's estimate is $59.53 billion, indicating a +4.7% change [5] Last Reported Results and Surprise History - In the last reported quarter, Morgan Stanley achieved revenues of $12.9 billion, a +1.2% year-over-year change, with an EPS of $1.13 compared to $1.31 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $12.7 billion by +1.54%, and the EPS surprised by +7.62% [6] - The company has consistently beaten consensus EPS and revenue estimates over the last four quarters [7] Valuation - Morgan Stanley's valuation metrics, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), are essential for assessing whether the stock is fairly valued [8] - The Zacks Value Style Score for Morgan Stanley is graded D, indicating it is trading at a premium compared to its peers [9] Conclusion - The Zacks Rank 3 suggests that Morgan Stanley may perform in line with the broader market in the near term, despite the market buzz surrounding the stock [10]

Morgan Stanley (MS) has axed 9% of its employees at its asset management business unit in China as part of its broader plans to stay defensive amid the nation’s economic slowdown and market uncertainties. The news was reported by Reuters, citing two people with direct knowledge of the matter.The job cuts started in December 2023. These have impacted almost 15 of Morgan Stanley Investment Management China’s employees to date.This is the first time that MS has reduced headcount in its China fund unit since bu ...

Morgan Stanley’s (MS) wealth management division is offering its customers a chance to trade the sought-after shares of private companies before they are available to the wider public. The news, reported by Bloomberg, stated that MS has taken this step because currently the startups that are considering initial public offerings are remaining private for a very long time.Morgan Stanley’s private markets transaction desk will assist the firm’s wealth management clients who want to invest in the highly fragmen ...

NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)--Morgan Stanley Wealth Management announced today the launch of its Private Markets Transaction Desk, a concierge service that empowers eligible shareholders and investors to buy and sell eligible private company shares in the secondary market. The offering is part of Morgan Stanley’s broader Private Markets ecosystem that provides a unique suite of solutions for companies, employees and investors to serve a diversity of client needs. Growth-stage venture-bac ...

Morgan Stanley (MS) has announced the opening of a new office in Abu Dhabi with the aim of enhancing its presence in the Middle East region. This move aligns with its strategic focus on United Arab Emirates (UAE) with new opportunities in the capital markets business.Since 2006, MS has been operating in Dubai, which is recognized as the Gulf’s financial hub, alongside Saudi Arabia and Qatar. Hence, the current move signifies the company’s long-term commitment to the Middle East and North Africa (MENA) regio ...