Morgan Stanley (NYSE:MS)
Morgan Stanley Earnings Numbers
On Monday morning before the market opened, financial service company Morgan Stanley released fourth quarter earnings that surprised investors and sent shares higher in pre-market trading. The company announced profits of $1.67 billion, or $0.81 per share, on $9.02 billion in revenues while analyst were expecting $0.65 on $8.48 billion in revenue. Shares are up over 25% since election results in early November.
MS Technicals
Looking at the 2-minute chart above you will see that shares are active this morning and bringing in decent volume following their fourth quarter earnings release. Shares are looking to gap over Friday’s close and over the big resistant level at $44. We will want to see if shares can hold that level and make a move for higher prices, but with the overall market looking soft we may be in for a pop and drop. Keep this one on your radar today as shares will be active and should provide plenty of opportunities for active traders.
CEO Comments
James P. Gorman, Chairman and Chief Executive Officer, said,
Our quarterly results reflect consistent strong performance, while our annual results show meaningful earnings growth over 2015. We reported solid results in Sales & Trading and Advisory, and record revenues in Wealth Management, while managing expenses prudently. We are optimistic about opportunities in 2017 and beyond and remain focused on serving our clients and achieving our strategic objectives. –PressRelease
Company Profile
Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors.
The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.