Morgan Stanley (MS) reported quarterly earnings results on Monday, Apr-18-2016. The company said it had a profit of $0.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.47. The company posted revenue of $7792.00 million in the period, compared to analysts expectations of $7632.91 million. The company’s revenue was down -21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Many Wall Street Analysts have commented on Morgan Stanley. Shares were Reiterated by Barclays on Apr 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 32 from a previous price target of $35 .Morgan Stanley was Upgraded by Portales Partners to ” Sector Perform” on Feb 16, 2016. JP Morgan Upgraded Morgan Stanley on Feb 16, 2016 to ” Overweight”, Price Target of the shares are set at $29.
Morgan Stanley closed down -0.41 points or -1.57% at $25.76 with 1,48,99,907 shares getting traded on Friday. Post opening the session at $26.31, the shares hit an intraday low of $25.71 and an intraday high of $26.37 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 4, 2015, James A Rosenthal (Chief Operating Officer) sold 12,000 shares at $39.25 per share price. According to the SEC, on May 27, 2015, Donald T Nicolaisen (director) sold 4,160 shares at $37.77 per share price. On May 12, 2015, Paul C Wirth (Deputy Chief Financial Officer) sold 39,462 shares at $38.37 per share price, according to the Form-4 filing with the securities and exchange commission.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates the Company provides a variety of products and financial services to a group of clients and customers including corporations governments financial institutions and individuals. The Company’s operating segments include Institutional Securities Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides financial advisory and capital-raising services to a group of corporate and other institutional clients. Wealth Management business segment provides financial services to clients through a network of 16076 global representatives in 622 locations. Investment Management business segment consists of Traditional Asset Management Alternative Investments Merchant Banking and Real Estate Investing activities and offers clients an array of equity fixed income alternative investments real estate and merchant banking strategies.