Morgan Stanley (MS, Financial) released its second-quarter financial results, revealing revenue of $16.79 billion, which exceeded the anticipated $16.04 billion. The company also reported a tangible book value per share of $47.25 and a Common Equity Tier 1 (CET1) capital ratio of 15%. Additionally, the firm's assets under management (AUM) stood at $1.71 trillion.
The consistent earnings over the past six quarters, with figures of $2.02, $1.82, $1.88, $2.22, $2.60, and $2.13, highlight Morgan Stanley's ability to maintain strong performance in various market conditions. The Institutional Securities division demonstrated strength and balance across different segments and regions. The Wealth Management sector continued to thrive, with net new assets totaling $59 billion and $43 billion in fee-based flows. Combined client assets across Wealth and Investment Management divisions reached $8.2 trillion.
Furthermore, Morgan Stanley announced an increase in its quarterly common stock dividend to $1.00 per share, highlighting flexibility in capital deployment. The management team is committed to executing strategies that act as a trusted advisor to clients, fostering sustainable growth and delivering long-term returns for shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Morgan Stanley (MS, Financial) is $141.75 with a high estimate of $160.00 and a low estimate of $110.00. The average target implies an upside of 0.11% from the current price of $141.59. More detailed estimate data can be found on the Morgan Stanley (MS) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Morgan Stanley's (MS, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Morgan Stanley (MS, Financial) in one year is $125.38, suggesting a downside of 11.45% from the current price of $141.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Morgan Stanley (MS) Summary page.
