|Bid||46.28 x 900|
|Ask||47.50 x 900|
|Day's range||45.53 - 47.84|
|52-week range||42.88 - 59.38|
|Beta (3Y Monthly)||1.41|
|PE ratio (TTM)||12.02|
|Earnings date||16 Jan 2019 - 21 Jan 2019|
|Forward dividend & yield||1.20 (2.76%)|
|1y target est||58.98|
Oct.16 -- Jeff Harte, Sandler O'Neill & Partners bank analyst discusses earnings from Goldman Sachs and Morgan Stanley. He speaks on "Bloomberg Markets."
(Bloomberg) -- As earnings season for the biggest U.S. banks wrapped up on Tuesday, the benefits to Wall Street of rising interest rates and a healthy economy became clear.
Stocks that moved substantially or traded heavily on Tuesday: Johnson & Johnson, up $2.61 to $136.56 The health care products company reported higher sales of prescription drugs. Goldman Sachs Group Inc., ...
Since Wednesday, IBD's Market Pulse has been in correction mode. Tuesday's bullish action doesn't change the lack of a bullish signal.
Tech stocks raced higher early Tuesday as the Nasdaq composite rose over 1%. Netflix will report earnings after the stock market close.
THINGS TO KNOW (MS)’s pre-tax net income from wealth management jumped 7% in the third quarter from the same quarter a year ago, the company reported. Revenues climbed 4% over the year. Meanwhile its advisor corps shrank slightly, to 15,655 from 15,759.
Morgan Stanley and Goldman Sachs Group Inc. both said on Tuesday that their investment-banking businesses surged in the third quarter, a sharp contrast to the slumps seen at all their major rivals. The investment-banking results powered better-than-expected quarterly profits for both Goldman and Morgan Stanley and sparked rallies in their stocks. "Banking results are extremely strong, this is our best third quarter," Morgan Stanley Chief Financial Officer Jonathan Pruzan said in a phone interview.
The firm’s infrastructure unit, which is part of Morgan Stanley Investment Management, is planning on formally wooing investors starting early next month, said one of the people, who asked not to be named because the matter is private. Morgan Stanley is poised to seek more than the $3.6 billion it raised in 2016 for its second fund, the person said. It’s unclear what the firm’s final target will be, but rivals including I Squared Capital, Stonepeak Infrastructure Partners and KKR & Co. each raised $7 billion or more in recent months.
Ryan McQueeney recaps the morning's top pre-market earnings reports from Goldman Sachs, Morgan Stanley, and Johnson & Johnson. Later, he is joined by Zacks Strategist Dave Bartosiak to discuss upcoming reports from Netflix and IBM.
The downtrend appears to be behind banks and hedge funds after a brutal 2017 in commodities trading. Goldman Sachs Group Inc and Morgan Stanley, the fifth and sixth largest U.S. banks by asset size, reported stronger revenues in the third quarter compared with a year ago from the sector. While banks don’t typically break out more detail for commodities, the results come after a rebound in energy prices.
Goldman Sachs and Morgan Stanley — each reported third quarter profits that beat analysts' expectations Tuesday, helped by strong performance in their trading operations and better-than-expected revenue from stock underwriting. Goldman Sachs shares nearly 2 percent to $219.39 in midday trading, while Morgan Stanley shares gained more than 5 percent to $45.78. Both companies' stocks have struggled this year as investors have worried about the investment banks' ability to bring in new business, and cope with slower trading businesses.
(Bloomberg) -- Morgan Stanley is a clear winner, posting its biggest share rally since February 2017, after reporting third-quarter results earlier, garnering near-universal approval from Wall Street analysts picking through its report. Goldman Sachs Group’s stock is gaining too, but just the most since September 19, while its earnings are getting more of a cold eye.
The stock decline this year has been “bewildering” in light of a series of strong quarterly results, CEO James Gorman says. That may now change.
Better-than-expected underwriting performance, increase in trading revenues and higher net interest income support Morgan Stanley's (MS) Q3 earnings.
Morgan Stanley (NYSE: MS) is up over 3% in early trading following the release of its third-quarter earnings results. The company reported revenues of $9.87 billion, easily beating the consensus analyst estimate of $9.54 billion, and adjusted EPS of $1.17, also beating the consensus analyst estimate of $1.01. On a year-over-year basis, Morgan Stanley’s revenue increased by about 7.3% and its adjusted EPS increased by about 33%, resulting in a very strong quarter overall.
Goldman’s bottom line was up 19 percent, and Morgan Stanley’s profit was up 17 percent. The robust results from the two Wall Street powerhouses, in a quarter when other rivals stumbled, could be seen as a sign that the two banks are back from the financial crisis with more diversified and solid foundations. Consider Goldman.
The bank was the only Wall Street firm to beat analyst expectations in three main businesses: fixed income, equities trading and investment banking. The firm’s dealmakers posted a 15 percent jump in revenue, higher than each of Morgan Stanley’s rivals. Morgan Stanley and Goldman Sachs Group Inc., Wall Street’s traditional securities firms, avoided the investment-banking slump that weighed on their larger rivals.
Morgan Stanley (MS) delivered earnings and revenue surprises of 17.00% and 3.58%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Morgan Stanley says third-quarter profit rose to $2.11 billion from $1.78 billion a year ago. The company, based in New York, says it had earnings of $1.17 per share compared with 93 cents a year earlier. ...
Unusually divergent results from major rivals in recent days make it harder for investors to anticipate what the figures from Goldman Sachs and Morgan Stanley will look like early Tuesday morning. Might they follow JPMorgan Chase & Co. in missing analysts’ estimates -- or Citigroup Inc., which saw its shares jump on higher-than-expected revenue from fixed-income products? Some analysts studying the numbers say they see bright spots -- such as commodities trading and equities issuance -- that could bode well for Goldman Sachs and Morgan Stanley.
Morgan Stanley (NYSE:MS) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $51.05 at one point, and dropping to Read More...
Muted trading and investment banking performances are expected to hurt Morgan Stanley's (MS) Q3 earnings, while rise in loans and higher interest rates will offer some support.
Ester, which the ECB will publish by October next year, will eventually replace Eonia as the risk-free rate. “The problem is that the majority of short-end reference rates in the euro area have completely detached from the ECB’s key interest rates,” Ruairi Hourihane, European rates strategist, wrote in a note to clients.