Morgan Stanley (MS) closed at $109.04, up 1.44% from the previous day, surpassing the S&P 500. Over the past month, MS shares rose 11.25%, outperforming the Finance sector. The company is set to report earnings on October 17, with projected EPS at $1.57 and revenue at $14.28 billion, showing positive growth trends.

Analysts anticipate Morgan Stanley’s full-year earnings to reach $6.95 per share and revenue to hit $58.8 billion, marking significant increases from the previous year. Recent estimate changes for the company reflect short-term business trends, impacting stock prices. The Zacks Rank system, currently at #4 (Sell) for MS, offers insight into analyst sentiment and stock performance.

Valuation-wise, Morgan Stanley’s Forward P/E ratio is 15.48, lower than the industry average of 18.33. The company’s PEG ratio stands at 1.16, compared to the industry’s average of 1.28. The Financial – Investment Bank industry, to which MS belongs, holds a Zacks Industry Rank of 69, placing it in the top 28% of all industries.

Explore potential investment opportunities with 5 stocks set to double in 2024. Handpicked by Zacks experts, these picks offer the chance for significant growth. Previous recommendations have seen impressive returns, and most of these stocks are currently under Wall Street’s radar. seize the opportunity to invest in these promising options.

Read more at Nasdaq: Morgan Stanley (MS) Beats Stock Market Upswing: What Investors Need to Know