{"id":47179,"date":"2023-08-11T08:46:00","date_gmt":"2023-08-11T12:46:00","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/where-is-morgan-stanley-stock-headed\/"},"modified":"2023-08-11T08:46:03","modified_gmt":"2023-08-11T12:46:03","slug":"where-is-morgan-stanley-stock-headed","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=47179","title":{"rendered":"Where Is Morgan Stanley Stock Headed?"},"content":{"rendered":"<div>\n<p>Morgan Stanley\u2019s stock (NYSE: MS) has gained 3% YTD, as compared to the 16% rise in the S&amp;P500 over the same period. Further, the stock is currently trading at $88 per share, which is 12% below its fair value of $99 \u2013 Trefis\u2019 estimate for <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/MS\/no-login-required\/rao1dNUx\/Morgan-Stanley-MS-Valuation-Is-MS-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230811\">Morgan Stanley\u2019s valuation<\/strong><strong>. <\/strong>The investment bank posted better-than-expected results in the second quarter of 2023, with net revenues increasing by 2% y-o-y to $13.5 billion. While the wealth management revenues grew by 16% y-o-y, it was partially offset by an 8% drop in the institutional securities and a 9% decrease in the investment management segment. Notably, the institutional securities unit contributes close to 50% of the total revenues. It was down due to lower investment banking and a decline in sales &amp; trading income. On the cost front, total expenses as a % of revenues increased in the quarter due to a 13% rise in compensation &amp; benefits costs. Overall, it resulted in an adjusted net income of $2.05 billion \u2013 down 14% y-o-y.<\/p>\n<p>The company\u2019s revenues for the first half of 2023 were $23.97 billion, which is at par with the year-ago figure. It was due to a 10% drop in the institutional securities and a 6% decrease in the investment management segment, offset by a 13% growth in the wealth management division. Further, the noninterest expenses increased 6% in the year. Altogether, the adjusted net income was reduced by 18% y-o-y to $4.9 billion.<\/p>\n<p>Moving forward, we expect the same trend to continue in Q3 2023. All in all, <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/MS\/no-login-required\/I2VfA93s\/Morgan-Stanley-Revenues-How-Does-MS-Make-Money-?fromforbesandarticle=trefis230811\">Morgan Stanley\u2019s revenues<\/strong> are forecast to remain around $54.8 billion in FY2023. Additionally, MS\u2019s adjusted net income margin is likely to see a slight dip as compared to the previous year, leading to an adjusted net income of $10.14 billion and an annual GAAP EPS of $6.12. This coupled with a P\/E multiple of just above 16x will lead to a valuation of $99.<\/p>\n<p>What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/wx9hwxU6\/Value-Portfolio-with-407-Return-Since-2016-vs-100-for-S-P-500?fromforbesandarticle=trefis230811\">value portfolio<\/strong> that\u2019s done much better than the market since 2016.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/08\/11\/where-is-morgan-stanley-stock-headed\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley\u2019s stock (NYSE: MS) has gained 3% YTD, as compared to the 16% rise in the S&amp;P500 over the same period. Further, the stock is currently trading at $88 per share, which is 12% below its fair value of $99 \u2013 Trefis\u2019 estimate for Morgan Stanley\u2019s valuation. The investment bank posted better-than-expected results in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-47179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Where Is Morgan Stanley Stock Headed? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Morgan Stanley\u2019s stock (NYSE: MS) has gained 3% YTD, as compared to the 16% rise in the S&amp;P500 over the same period. 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