Banking

Morgan Stanley Stock Near All-Time High, Earning Results Due; Recently Acquired Eaton Vance

Banks are slowly rising along with interest rates, which are their bread and butter. As a group bank stocks rank a decent No. 69 out of the 197 industry groups Investor’s Business Daily tracks. Morgan Stanley is the top-ranked bank in the group. And Morgan Stanley (MS) is forming a base with a 94.37 entry, with its next quarterly report set for July 15. The entry is based on a second-stage flat base. Morgan Stanley stock was up 2.8% Monday afternoon, to 92.89. It hit an all-time high intraday high at 94.27 on June 7.




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That it’s a second stage base is positive because breakouts from first and second stage bases tend to do better than from later stage bases.

Morgan Stanley Stock Has Near-Best Ratings

Among its key ratings, Morgan Stanley stock has a near-best 98 EPS Rating of a best-possible 99. The 98 rating reflects strong recent quarters and long-term profit growth.

Similarly, the New York-based bank holds a 97 IBD Composite Rating .

The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.

Additionally, Morgan Stanley stock has a C Accumulation/Distribution Rating, on an A+ to E scale with A+ tops. That means roughly as many funds are buying its shares as selling.

In terms of top and bottom line numbers, Morgan Stanley has posted rising EPS growth over the last two quarters. Top line growth has also increased over the same time frame. Last quarter its earnings surged 124% to $2.22 per shares. Revenue grew 35% year over year, to $16.1 billion.

CEO James Gorman said in the April 16 Q1 earnings release, “The integrated Investment Bank continues to thrive. We closed the acquisition of Eaton Vance which takes Investment Management to over $1.4 trillion of assets. Wealth Management brought in record flows of $105 billion. The Firm is very well positioned for growth in the years ahead.”

Morgan Stanley plans to release Q2 results on Thursday. Analysts project EPS will fall 18% year over year in its next report, and they expect 6% growth for the full year.


Looking For The Best Stocks To Buy And Watch? Start Here


Morgan Stanley stock earns the No. 1 rank among its peers in the Banks-Money Centers industry group. Goldman Sachs (GS) and Bank Of Montreal Quebec (BMO) are also among the group’s highest-rated stocks.

Keep in mind that it’s risky to buy any stock just before it reports. You can minimize your risk by waiting to see the actual numbers and the market’s reaction.

 

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