What to Expect:
Over the past three months, the consensus estimate has fallen from 44 cents. Analysts are projecting earnings of 72 cents per share for the fiscal year.
After being $9.51 billion a year ago, analysts project revenue to drop 41.4% year-over-year to $5.57 billion for the quarter. For the year, revenue is projected to roll in at $32.51 billion.
Trends to Watch For:
Net income increased in the third quarter, snapping a two-quarter streak of falling profit. In the most recent quarter, profit rose 1578.6%. For two quarters prior, the figure dropped 39.1% in the second quarter and 45.5% in the first quarter.
Revenue rose in the last two quarters. In the most recent quarter, revenue rose 34.8% year-over-year to $11.5 billion. The quarter before that, it rose 18.4%.
Analyst Ratings:
The majority of analysts (57.1%) rate Morgan Stanley as a buy. That percentage is still below the mean analyst rating of its nearest 10 competitors, which average 58.7% buys. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to moderate buy from hold. Last quarter, 11 of 20 rated it a buy and two rated it a sell.
Competitors:
Morgan Stanley offers financial products and services to corporations, governments, institutions and individuals. One of Morgan Stanley’s main competitors in the capital markets industry, Goldman Sachs Group (GS), will report earnings on January 18, 2012. Other competitors in the financials sector include: Citigroup (C), Bank of America (BAC), and JPMorgan Chase (JPM). The stock price has risen slightly over the past quarter, from $16.59 on October 19, 2011 to its current price, $16.63.(source http://www.forbes.com ) For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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