
Morgan Stanley (MS) Stock Forecast & Price Target
Morgan Stanley (MS) Analyst Ratings
Bulls say
Morgan Stanley demonstrated strong financial performance with a notable 30% year-over-year increase in advisory revenues and a 21% quarter-over-quarter rise in fixed income revenues, reflecting a robust environment for M&A activities and refinancing opportunities in the market. The firm's book value per share increased to $56.80, signifying both sequential and year-over-year growth, further indicating the company’s solid financial foundation. Additionally, total net revenues rose to $1.39 billion, marking an increase from both the previous quarter and the same period last year, which underscores the firm's overall improvement in client engagement and trading performance across various segments.
Bears say
Morgan Stanley's wealth management net interest income (NII) declined by 3% sequentially in the second quarter of 2024, falling short of market expectations, primarily due to a decrease in sweep deposits affected by tax payment seasonality. Additionally, the Common Equity Tier 1 (CET1) ratio decreased from 15.5% to 15.2%, indicating a potential weakening of the bank’s capital position. Management has indicated that NII could face further declines in the third quarter of 2024 owing to the repricing of advisory sweep deposits amid changing competitive dynamics and lower market volatility, which may impact trading revenue growth.
This aggregate rating is based on analysts' research of Morgan Stanley and is not a guaranteed prediction by Public.com or investment advice.
Morgan Stanley (MS) Analyst Forecast & Price Prediction
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