How Morgan Stanley Won Big in Q4

Morgan Stanley saw stronger bond trading and underwriting business in the fourth quarter of 2019

MS stock is now trading for $56.70 following the release of the results. Oppenheimer has a "Outperform" rating and a $612.00 price target on the stock.

Several other research firms also recently commented on MS. BNP Paribas initiated coverage on Morgan Stanley in a research note on Tuesday, December 3rd. Sandler O'Neill upgraded shares of Morgan Stanley from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research note on Thursday, October 10th. Roth Capital reissued a "sell" rating and set a $249.00 price target on shares of Tesla in a research report on Monday, November 18th.

Morgan Stanley was able to recognize performance fees and gains in the quarter from the stake, Bloomberg reported. The company's 50 day simple moving average is $34.58 and its 200-day simple moving average is $29.77.

Advancing issues outnumbered declining ones on the NYSE by a 2.57-to-1 ratio; on Nasdaq, a 2.78-to-1 ratio favoured advancers. The firm has a market capitalization of $92.55 billion, a price-to-earnings ratio of -89.77, a PEG ratio of 4.87 and a beta of 0.64. Morgan Stanley has a 52 week low of $38.76 and a 52 week high of $57.36. Insiders have sold a total of 98,531 shares of company stock worth $33,791,753 in the last quarter.


Morgan Stanley saw topline growth of 27.0% to reach $10.86bn (consensus: $9.77bn), as revenues from fixed income trading more than doubled, from $564.0m to $1.273.0bn, reversing the end-2018 slump. Morgan Stanley had a return on equity of 10.86% and a net margin of 15.99%.

Volume on USA exchanges was 6.9 billion shares, compared with an average of 7.0 billion shares over the last 20 trading days.

That branch of the bank nearly doubled its revenue from past year to US$1.36 billion, beating the estimate of US$783.2 million by more than half. As a group, sell-side analysts expect that Morgan Stanley will post 4.75 EPS for the current fiscal year. Also, insider Jerome M. Guillen sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.08, for a total value of $1,227,000.00. "We have become incrementally cautious on the stock, given its huge recent surge in price", Bernstein analyst Toni Sacconaghi warned investors in a note last Thursday, despite not having issued a downgrade. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Related:

Comments

Latest news

Cabinet minister takes paternity leave in landmark move
But in 2018, only 6.16% of men took paternity leave, according to government data released a year ago . The Koizumi announcement has received mixed responses.

Rachel Maddow’s Lev Parnas Interview Draws Show’s Highest-Ever Viewership
But Ukraine also noted that it's possible no illegal surveillance ever took place. "Barr was basically on the team", Parnas said. Parnas said he was often with Giuliani four or five times a week and regularly overheard him talking on the phone with Trump.

China reports 2nd death from Wuhan pneumonia virus
There are fears the mysterious SARS-linked virus could hit Bali after a second case was reported in Thailand on Friday. Investigations are ongoing to establish whether their illnesses are linked to the Wuhan disease cluster, MOH said.

China’s birthrate at its lowest since 1949, population crosses 1.4 bn
Industrial output grew 6.9pc from a year earlier, the strongest pace in nine months, while retail sales rose 8.0pc. Analysts polled by Reuters forecast China's economy to have grown 6.0% in the October to December period of 2019.

Gigi Hadid Dismissed From Jury Selection In Harvey Weinstein Case
She left discreetly about ten minutes afterwards, according to police officers outside. She also said she had met actress Salma Hayek , whose name may come up at trial.

Other news