Morgan Stanley Reports First Quarter 2016:
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UBS Cuts Price Target on Morgan Stanley (MS) Following 1Q Report; Reiterates Buy
April 19, 2016 8:42 AM EDTUBS maintained a Buy rating on Morgan Stanley (NYSE: MS), and cut the price target to $32.00 (from $34.00), following the company's 1Q earnings report. UBS lowering forecasts for the remaining 9 months of 2016 due to a higher tax rate. 2017 EPS estimates have also been... More
Morgan Stanley (MS) Tops Q1 EPS Views
April 18, 2016 6:56 AM EDTMorgan Stanley (NYSE: MS) reported Q1 EPS of $0.55, versus the analyst estimate of $0.47. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $8.52 billion.
Business Overview
Institutional Securities net revenues were $3.7 billion reflecting challenging market conditions in Fixed Income & Commodities sales and trading and underwriting, with strength in Equity sales and trading and M&A... More