Morgan Stanley Reports Higher Revenue, Earnings


Morgan Stanley CFO Jonathan Pruzan later gave more detail on an analyst earnings call, saying the uptick in trading activity was helped by a sharp rise in interest rates which heightened volatility levels as well as a rise in inflation expectations. Janney Montgomery Scott LLC lifted its holdings in Morgan Stanley by 42.3% during the 3rd quarter. It also reduced its holding in Electronic Arts Inc (NASDAQ:EA) by 122,250 shares in the quarter, leaving it with 45,500 shares, and cut its stake in Activision Blizzard Inc (NASDAQ:ATVI). Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Morgan Stanley by 43.2% in the fourth quarter. Royal Bank of Canada reaffirmed a buy rating and issued a $60.00 target price on shares of Morgan Stanley in a research report on Friday, January 19th.

Eastern Bank lowered its position in Morgan Stanley (NYSE:MS) by 10.2% during the first quarter, Holdings Channel reports. The Sadoff Investment Management Llc holds 708,140 shares with $37.16M value, down from 724,940 last quarter. Moreover, Lincluden Limited has 0.6% invested in Morgan Stanley (NYSE:MS) for 164,804 shares. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,800 shares of the financial services provider's stock worth $147,000 after buying an additional 1,524 shares in the last quarter. The firm has a market capitalization of $95,684.59, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.93 and a beta of 1.54. The stock has a 50-day moving average price of $44.15 and a 200 day moving average price of $40.77. And Morgan Stanley doesn't break out headcount in its institutional securities division, so it's quite possible that increased compensation spending is the result of higher headcount and won't flow through to individuals.

Combined profits at the six largest US banks, which all reported first-quarter results in recent days, rose 24% from a year ago, outpacing an 18% rise in revenues. JPMorgan Chase & Co. restated a "buy" rating on shares of Morgan Stanley in a research report on Thursday, March 30th.

Morgan Stanley's stock-trading business, the biggest on Wall Street by annual revenues, was up 27% in the quarter. Sandler O'Neill maintained Morgan Stanley (NYSE:MS) rating on Friday, January 19. Credit Suisse downgraded the shares of MS in report on Thursday, January 18 to "Hold" rating. Credit Suisse has "Buy" rating and $58.0 target. The transaction was disclosed in a filing with the SEC, which is available at this link.

Analysts on average were expecting a profit of $1.25 per share, according to Thomson Reuters. The disclosure for this sale can be found here. In addition, a copy of the Company's Financial Data Supplement for its quarter ended March 31, 2018 is annexed as Exhibit 99.2 to this Report and by this reference incorporated herein and made a part hereof. Cranbrook Wealth Management reported 18 shares.

Institutional Securities net revenues were $6.1 billion reflecting strength across our sales and trading franchise; Investment Banking Ranked #1 in Global Announced and Completed M&A and Global Equity.