Sunday, 17 December, 2017

US stocks start to bounce back, led by gains for banks

IBM logo is displayed in Berlin Vt. IBM Corp. reports financial results Tuesday US stocks start to bounce back, led by gains for banks
Nellie Chapman | 20 April, 2017, 06:39

Stock investors acquired 9,738 put options on the company.

The analysts offering 12 month price targets for Morgan Stanley have a median target of $48, with a high estimate of $60 and a low estimate of $34. They now have a United States dollars 48 price target on the stock. The number of shares now owned by investors are 1.85 bln. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

OTHER LEADERS: GE helped lead industrial companies higher as it gained 8 cents to $29.92. The Russell 2000 index of small-company stocks rose 10 points, or 0.7 percent, to 1,371 after a late gain a day earlier. The disclosure for this sale can be found here.

Schutte, of Northwestern Mutual Wealth Management, said faster wage growth will show up eventually even if monthly and quarterly reports are uneven. Great West Life Assurance Co.

Relative strength index (RSI-14) for Morgan Stanley (MS) is at 36.06. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.26 on scale of 1-5. Concert Wealth Management Inc. now owns 31,216 shares of the financial services provider's stock worth $999,000 after buying an additional 1,675 shares during the period.

Goldman Sachs delivered an embarrassing quarter this week - and now archrival Morgan Stanley is rubbing it in. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Morgan Stanley by 240.3% in the third quarter.

The share price of the company (NYSE:MS) was down -0.67%, with a high of 41.55 during the day and the volume of Morgan Stanley shares traded was 13916209.

In the bank's institutional securities unit, sales and trading revenues of nearly $3.5 billion were 30% ahead of a year earlier.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, April 19th.

"We reported one of our strongest quarters in recent years".

Technology and consulting company IBM slumped after it reported $18.16 billion in revenue in the first quarter, and according to FactSet, that was more than $200 million below analysts' estimates. Its equities traders held up better than Goldman's, registering a 2 percent decline year-over-year compared with its rival's almost 7 percent.

EPS growth for this year is 0.20% and EPS growth for next year is expected to reach at 15.58%. But with FICC revenue surging 122% year over year to $531 million, Morgan Stanley answered the call.

In the last Quarter, Morgan Stanley (MS) reported its Actual EPS of $0.81/share. This represents a $0.80 dividend on an annualized basis and a yield of 1.94%.

Heading into the earnings release, covering analysts have a consensus target price of $47.24 on Morgan Stanley shares. Macquarie reissued an "outperform" rating on shares of Morgan Stanley in a report on Thursday, February 16th. The count of Hold ratings in that period was 0.

Several investment firms issued their expert ratings on Morgan Stanley (MS) in which Compass Point Initiates Coverage On Morgan Stanley (MS) to Neutral by settling a price target of $46 on 2/22/17.