Morgan Stanley (MS, $84.76) beats Q1 earnings expectations
Morgan Stanley posted first quarter earnings that surpassed analysts’ expectations.
The bank’s earnings came in $2.02 per share in the quarter, well above the $1.68 expected by analysts polled by Refinitiv.
Revenue of $14.8 billion also surpassed the $14.2 billion expected.
Revenue at Morgan Stanley’s equity trading desk was $3.2 billion for the quarter, higher than an expectation of $2.7 billion, according to StreetAccount. Fixed-income revenue of $2.9 billion exceeded expectations of $2.2 billion from StreetAccount.
The company’s wealth management revenue came in at $5.9 billion, flattish year-over-year, and lower than the $6.2 billion expected by analysts polled by StreetAccount.
Investment banking revenue was $1.6 billion, - 37% lower from the year-ago quarter, and also from lower than the $1.8 billion estimate according to StreetAccount. A significant decrease in equity underwriting revenues led to the disappointing figure, the bank indicated.
MS in upward trend: 10-day moving average broke above 50-day moving average on September 25, 2024
The 10-day moving average for MS crossed bullishly above the 50-day moving average on September 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 19, 2024. You may want to consider a long position or call options on MS as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MS just turned positive on September 19, 2024. Looking at past instances where MS's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
MS moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MS advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 301 cases where MS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MS broke above its upper Bollinger Band on October 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 77%.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. MS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.694) is normal, around the industry mean (5.669). P/E Ratio (18.056) is within average values for comparable stocks, (33.940). Projected Growth (PEG Ratio) (3.334) is also within normal values, averaging (2.610). Dividend Yield (0.036) settles around the average of (0.030) among similar stocks. P/S Ratio (3.039) is also within normal values, averaging (110.541).
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Fundamental Analysis Ratings
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General Information
a provider of diversified financial services including brokerage, investment management and venture capital services
Industry InvestmentBanksBrokers