Morgan Stanley (MS) closed at $148.02 in the latest trading session, marking a +2.76% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily gain of 1.52%. Meanwhile, the Dow experienced a rise of 1.89%, and the technology-dominated Nasdaq saw an increase of 1.88%.
Shares of the investment bank witnessed a gain of 1.08% over the previous month, trailing the performance of the Finance sector with its gain of 1.71%, and the S&P 500’s gain of 1.1%.
The investment community will be paying close attention to the earnings performance of Morgan Stanley in its upcoming release. The company’s upcoming EPS is projected at $2.02, signifying a 7.45% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $16.05 billion, showing a 4.33% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.82 per share and revenue of $66.86 billion, which would represent changes of +10.94% and +8.26%, respectively, from the prior year.
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