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Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had over $4 trillion of client assets as well as over 80,000 employees at the end of 2022. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.
Morgan Stanley trades on the NYSE stock market under the symbol MS.
As of April 24, 2024, MS stock price declined to $93.41 with 1,995,156 million shares trading.
MS has a beta of 1.25, meaning it tends to be more sensitive to market movements. MS has a correlation of 0.29 to the broad based SPY ETF.
MS has a market cap of $151.94 billion. This is considered a Large Cap stock.
Last quarter Morgan Stanley reported $15 billion in Revenue and $2.02 earnings per share. This beat revenue expectation by $706 million and exceeded earnings estimates by $.34.
In the last 3 years, MS stock traded as high as $109.73 and as low as $69.42.
The top ETF exchange traded funds that MS belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
MS stock has underperformed the market in the last year with a return of +6.2%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MS shares. However, MS has outperformed the market in the last 3 month and 2 week periods, returning +8.7% and -0.7%, while SPY returned +4.5% and -2.7%, respectively. This indicates MS has been having a stronger performance recently.
MS support price is $92.37 and resistance is $95.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MS stock will trade within this expected range on the day.