Morgan Stanley (NYSE: MS) has reported earnings for its second fiscal quarter (ending June 30) of $1.85 versus $1.25 for the same period a year ago — an increase of 48%. This result exceeded the consensus estimate of $1.64 by $0.21. For the latest four quarters through June 30, E.P.S. were $6.14 versus $5.75 for the same period a year ago — an increase of 7%.
Recent Price Action
On 7/16/24, Morgan Stanley (NYSE: MS) stock rose modestly by 0.9%, closing at $106.22. Moreover, exceptionally high trading volume at 279% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.6% during the last week.
Current PriceTarget Research Rating
MS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Morgan Stanley has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Morgan Stanley has a good Appreciation Score of 84 and a very high Power Rating of 85, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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