Markets Right Now: Banks lead early stock gains

Apr 20, 2017, 08:53
Markets Right Now: Banks lead early stock gains

Stock investors acquired 9,738 put options on the company. Morgan Stanley last beat Goldman in that business in the second quarter of 2011, data compiled by Bloomberg show. The firm owned 4,517,385 shares of the financial services provider's stock after selling 851,695 shares during the period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Basic materials companies rose behind gains for packaging companies WestRock, which added $2.44, or 4.8 percent, to $53.07 and International Paper, which rose $1.11, or 2.2 percent, to $52.56. MS has P/E (Price to Earnings ttm) value of 14.1, Forward P/E of 10.52, P/C (Price to cash per share) of 3.47 and Price to Free Cash Flow (P/FCF) value of 65.19. For the past 5 days of trading, the stock has seen a move of -1.10%. The disclosure for this sale can be found here. In the last three months, insiders sold 728,248 shares of company stock valued at $31,022,603. Great West Life Assurance Co. Finally, First Manhattan Co. increased its position in Morgan Stanley by 2.4% in the third quarter.

In its place, Morgan Stanley built out its wealth management division, which Gorman favored for its reliable income stream.

Goldman Sachs delivered an embarrassing quarter this week - and now archrival Morgan Stanley is rubbing it in.

Still, the past few months have been challenging in other Morgan Stanley core businesses.

Morgan Stanley shares rose 2 percent to $42.04 at 4:04 NY, the best performance in the 65-company S&P 500 Financials Index. The company's stock had a trading volume of 11,379,957 shares.

The biggest surprise was $1.7 billion in revenue from fixed-income trading, which includes corporate and government bonds, currencies and commodities. Bottom line, a solid start to the year for Morgan Stanley, which we expect will receive an initial positive reaction from the market.

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Morgan Stanley (NYSE:MS) Investment Brokerage - National is valued at 76854.83.

Earnings in the first quarter, excluding certain items, were $2.38 a share on revenue of $18.2 billion.

Net revenue jumped 25 per cent to $US9.75 billion, beating the average estimate of $US9.27 billion. Morgan Stanley had a return on equity of 8.48% and a net margin of 15.76%. Morgan Stanley's quarterly revenue was up 16.6% on a year-over-year basis. Annual EPS Growth of past 5 years is 18.10%.

Analysts on average had expected a profit of US88c per share, according to Thomson Reuters I/B/E/S. Morgan Stanley's dividend payout ratio (DPR) is presently 27.40%. The stock's market capitalization is 76.90B, it has a 52-week low of 23.11 and a 52-week high of 47.33.

02/16/2017 - Morgan Stanley had its "outperform" rating reiterated by analysts at Macquarie. The research firm Upgrade the stock to Buy.

"For a company with 55,000 employees, an increase of 296 is not significant", a spokesperson at Morgan Stanley said in response to queries from Fortune.