We're hiking our price target on Morgan Stanley despite a miss in a key business

Morgan Stanley on Tuesday reported second-quarter results that largely exceeded Wall Street expectations — though weakness in one key segment warrants closer monitoring even as the stock shook off earlier declines. Revenue for the three months ended June 30 increased over 11% year over year to $15.02 billion, outpacing expectations of $14.3 billion, according to estimates compiled by LSEG. Earnings per share jumped nearly 47% versus the year-ago period to $1.82, exceeding the $1.

In this photo illustration, the logo for E-Trade, the online trading platform owned by Morgan Stanley, is shown on the company's website on May 13, 2024 in Chicago, Illinois.on Tuesday reported second-quarter results that largely exceeded Wall Street expectations — though weakness in one key segment warrants closer monitoring even as the stock shook off earlier declines.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These companies are likely to reward investors with special dividends and outperformance, Morgan Stanley saysIn certain scenarios, companies may dig into their pockets and offer their shareholders a one-time special dividend.
Source: CNBC - 🏆 12. / 72 Read more »

Here are Morgan Stanley's 3 stocks to own to play the autonomous driving themeHere are Morgan Stanley's 3 stocks to own to play the autonomous driving theme
Source: Investingcom - 🏆 450. / 53 Read more »