3 Morgan Stanley Analysts Break Down Q4 Earnings: 'Several Noisy Items'
Portfolio Pulse from Priya Nigam
Morgan Stanley (NYSE:MS) shares fell in pre-market trading after reporting a Q4 net profit decline. Analysts from BMO Capital Markets, Oppenheimer, and JMP Securities provided insights, adjusting price targets and maintaining positive ratings despite the earnings miss. Key points included higher wealth management revenues and investment banking fees, offset by lower trading revenues and higher compensation costs. Analysts adjusted core EPS for several one-time items and expressed optimism about the company's long-term positioning.
January 17, 2024 | 4:02 pm
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NEUTRAL IMPACT
Morgan Stanley's Q4 earnings miss and pre-market share decline reflect mixed results, with higher wealth management revenues and investment banking fees but lower trading revenues and higher costs. Analysts remain positive, adjusting price targets slightly and expressing long-term optimism.
The short-term impact on Morgan Stanley's stock is likely to be neutral to slightly negative due to the earnings miss and pre-market decline. However, the positive ratings and price target adjustments from analysts, along with their long-term optimism, could mitigate the negative impact and provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100