Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.
Morgan Stanley’s stock outpaced gains in other financial stocks Thursday, after the bank and broker forecast a robust flow of deals as it beat both profit and revenue expectations for the latest quarter.
Morgan Stanley, Stock market
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Morgan Stanley stock target raised to $145 by KBW
Keefe, Bruyette & Woods raised the price target for Morgan Stanley (NYSE:MS) to $145 from $138, while keeping a Market Perform rating on the shares. The adjustment follows Morgan Stanley's strong quarterly performance,
Morgan Stanley said its profit more than doubled in the fourth quarter, fueled by its investment banking and trading businesses. Profit surged 145% to $3.71 billion. That amounted to $2.22 per share,
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
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Morgan Stanley turned in $3.7 billion of profit in the fourth quarter, up 147% from a year earlier and exceeding analysts’ estimates of $2.7 billion. The New York-based investment bank posted per-share earnings of $2.
Analyst Daniel Fannon of Jefferies maintained a Buy rating on Morgan Stanley (MS – Research Report), boosting the price target to $151.00.Stay
In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with clients and sell more loans, a practice known as cross-selling. For Merrill Lynch,
Morgan Stanley reported robust earnings surpassing market expectations, powered by significant gains in revenue and income.
The appalling scale of the vast and still growing Los Angeles blazes puts them out of the ordinary in terms of the economic harm they will bring.
While Jeff Bezos has spent $14 billion to achieve his first space launch, his billionaire rival has built a thriving business, mostly with other people’s money.
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