Morgan Stanley (MS) stock rose 0.3%, outperforming finance sector and S&P 500

From Nasdaq: 2024-11-29 17:50:06

Morgan Stanley (MS) closed at $131.61, up +0.3%. The stock lagged behind the S&P 500’s 0.56% gain. Dow rose 0.42%, Nasdaq 0.83%. MS shares rose 12.87% in the past month, outperforming the Finance sector and S&P 500.

Analysts expect Morgan Stanley to post earnings of $1.54 per share, a 36.28% YoY growth. Revenue estimated at $14.55 billion, up 12.81%. Full-year estimates project earnings of $7.32 per share and revenue of $60.07 billion, with +34.07% and +10.95% changes respectively.

Morgan Stanley currently has a Zacks Rank of #2 (Buy). The stock is trading at a Forward P/E ratio of 17.92, higher than the industry average. The PEG ratio is 1.22. The Financial – Investment Bank industry ranks in the top 23% of all industries.

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Read more at Nasdaq: Morgan Stanley (MS) Rises But Trails Market: What Investors Should Know