Morgan Stanley Reports Second Quarter 2017
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Morgan Stanley (MS) PT Raised to $49 at Credit Suisse
July 19, 2017 3:27 PM EDTCredit Suisse analyst Susan Roth Katzke raised her price target on Morgan Stanley (NYSE: MS) to $49.00 (from $47.00) while maintaining a Neutral rating following results.
Katzke notes the company better revenue growth in each of the bank's major business lines and continued evidence of... More
Morgan Stanley (MS) Tops Q2 EPS by 11c
July 19, 2017 6:55 AM EDTMorgan Stanley (NYSE: MS) reported Q2 EPS of $0.87, $0.11 better than the analyst estimate of $0.76. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.09 billion.
James P. Gorman, Chairman and Chief Executive Officer, said, Our second quarter results demonstrated the resilience of our franchise in a subdued trading environment. Our wealth management business produced a 25% margin and our strong investment banking results attest to the diversity of our global business. We continue to deliver on our strategic goals and grow shareholder returns.
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