Morgan Stanley (MS) Q3 2017 Earnings Beat Boosts Shares

Gladys Abbott
October 18, 2017

For James Gorman, that's Morgan Stanley's wealth-management division, which produced almost half of the firm's revenue in the third quarter, the most in six reporting periods. In the year-ago quarter, the firm reported earnings of 81 cents per share on $8.9 billion in revenue. Morgan Stanley had a net margin of 16.77% and a return on equity of 9.83%.

Revenue rose 3 percent to $9.20 billion from a year earlier.

Analysts expect Morgan Stanley (NYSE:MS) to report $0.84 EPS on October, 18.They anticipate $0.04 EPS change or 5.00 % from last quarter's $0.8 EPS. The firm's revenue for the quarter was up 6.7% compared to the same quarter past year.

Shares of Morgan Stanley (NYSE MS) opened at 48.30 on Monday. The stock's market capitalization is 89.88B. The company's 50-day moving average price is $47.26 and its 200 day moving average price is $45.05.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in.

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MS has been the topic of several recent analyst reports.

Shares rose 1.35% to US$49.60 each in pre-market trading in the United States following the results.

Morgan Stanley had its "neutral" rating reiterated by analysts at Citigroup. Keefe Bruyette & Woods maintained the shares of MS in report on Thursday, September 28 with "Hold" rating. Morgan Stanley said the strong performance in underwriting played a big role here. Davidson Investment Advisors grew its stake in shares of Morgan Stanley by 2.6% during the first quarter. Indeed, the stock is not far off a one year high. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued. In the third quarter, the firm posted earnings of 93 cents a share and revenue of $9.2 billion, which were both higher than a year ago and easily beat analyst expectations.

Morgan Stanley's $5.5 billion in net income for the first nine months of the year is its best showing since 2007. Also, Chairman James P. Gorman sold 212,366 shares of Morgan Stanley stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total value of $10,036,417.16. Capital Ltd Ltd Liability Company owns 1,081 shares for 0.02% of their portfolio. The disclosure for this sale can be found here. Burke & Herbert Bank & Trust & Tru has invested 0.18% in Morgan Stanley (NYSE:MS). Parkside Financial Bank & Trust now owns 2,275 shares of the financial services provider's stock worth $101,000 after buying an additional 190 shares during the last quarter. Smithfield Trust Co. now owns 3,690 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 42 shares in the last quarter. Compared to the second quarter, FICC revenue rose 25%. Invictus RG bought a new position in shares of Morgan Stanley during the 1st quarter valued at about $106,000. Finally, Compass Point reaffirmed a "sell" rating and set a $38.00 price target (up previously from $34.00) on shares of Morgan Stanley in a research report on Monday, September 25th. This buyback authorization permits the financial services provider to reacquire up to 6.1% of its shares through open market purchases. More interesting news about Morgan Stanley (NYSE:MS) were released by: Businessinsider.com and their article: "MORGAN STANLEY: Netflix's global growth will protect it from the ..." published on October 17, 2017 as well as Seekingalpha.com's news article titled: "Morgan Stanley - Q3 Earnings Review" with publication date: October 17, 2017. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & worldwide trademark & copyright law. Valley Natl Advisers holds 0.13% of its portfolio in Morgan Stanley (NYSE:MS) for 7,968 shares. The Company's segments include Institutional Securities, Wealth Management and Investment Management.

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