Morgan Stanley tops Goldmans in market value thanks to fixed income trading

Andrew Cummings
January 17, 2020

Finally, Roth Capital reaffirmed a "sell" rating and set a $249.00 price objective on shares of Tesla in a research note on Monday, November 18th. ValuEngine downgraded Morgan Stanley from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th.

Morgan Stanley posted fourth-quarter earnings on Thursday that smashed Wall Street's revenue and profit forecasts. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company now has an average rating of "Hold" and a consensus target price of $335.34. The business has a fifty day simple moving average of $403.12 and a 200 day simple moving average of $294.14. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. The company has a market cap of $85.56 billion, a PE ratio of 12.24, a P/E/G ratio of 1.12 and a beta of 1.39.

As of 1614 GMT, shares of Morgan Stanley were ahead by 7.01% to $56.65.


For the quarter, book value per share was $45.82 and tangible book value per share was $40.01. The financial services provider reported $1.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.98 by $0.22. The company had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $9.72 billion.

Morgan Stanley now aims to produce returns on equity of 13-15% through 2022, and 15-17% after that. The company's revenue was down 7.6% compared to the same quarter previous year.

That branch of the bank nearly doubled its revenue from previous year to US$1.36 billion, beating the estimate of US$783.2 million by more than half.


For example, along with last year's acquisition of Solium Capital, Morgan Stanley said in September that it was adding more services for 401 (k) participants and other workplace clientele as part of a plan to leverage its workplace access to grow its wealth management business as it seeks to build out more services for participants and become a sort of one-stop shop for their financial lives. 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 $427.47, for a total transaction of $854,940.00.

He has hit a series of financial metrics he set out for shareholders and last summer struck the largest acquisition by a major USA bank since the crisis, buying Solium, which helps companies manage the stock they pay employees.


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