{"id":87100,"date":"2023-11-21T11:32:09","date_gmt":"2023-11-21T16:32:09","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/up-10-in-the-last-one-month-whats-next-for-morgan-stanley-stock\/"},"modified":"2023-11-21T11:32:10","modified_gmt":"2023-11-21T16:32:10","slug":"up-10-in-the-last-one-month-whats-next-for-morgan-stanley-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87100","title":{"rendered":"Up 10% In The Last One Month, What\u2019s Next For Morgan Stanley Stock?"},"content":{"rendered":"
\n

Morgan Stanley\u2019s stock (NYSE: MS) has lost roughly 6% YTD, as compared to the 18% rise in the S&P500 over the same period. Further, the stock is currently trading at $80 per share, which is 11% below its fair value of $90 \u2013 Trefis\u2019 estimate for Morgan Stanley\u2019s valuation<\/strong>. <\/strong><\/p>\n

Amid the current financial backdrop, MS stock has witnessed gains of 15% from levels of $70 in early January 2021 to around $80 now, vs. an increase of about 20% for the S&P 500 over this roughly 3-year period. However, the increase in MS stock has been far from consistent. Returns for the stock were 43% in 2021, -13% in 2022, and -6% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 18% in 2023 – indicating that MS underperformed the S&P<\/strong> in 2023. In fact, consistently beating the S&P 500<\/strong> – in good times and bad – has been difficult over recent years for individual stocks; for heavyweights in the Financial sector including V, JPM, and MA, and even for the megacap stars GOOG, TSLA, and MSFT. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year<\/strong> over the same period. Why is that?<\/strong> As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could MS face a similar situation as it did in 2023 and underperform the S&P<\/strong> over the next 12 months – or will it see a strong jump?<\/p>\n

The investment bank surpassed the earnings estimate in the third quarter, while the revenues were in in-line with the expectations. It posted total revenues of $13.27 billion \u2013 up 2% y-o-y, driven by a 14% rise in the investment management and a 5% growth in the wealth management segments, partially offset by a 3% drop in the institutional securities unit. Notably, the institutional securities division includes investment banking and sales & trading businesses. On the cost front, total expenses witnessed an unfavorable increase of 5% y-o-y. Overall, it led to a 9% decrease in the adjusted net income to $2.26 billion.<\/p>\n

The company\u2019s top line grew 1% y-o-y to $41.25 billion in the first three quarters of 2023. While the wealth management revenues increased 10% y-o-y, it was almost offset by an 8% decline in the institutional securities segment. Further, the noninterest expenses as a % of revenues increased over the same period. Altogether, the adjusted net income decreased by 15% y-o-y to $7.15 billion.<\/p>\n

<\/fbs-ad><\/p>\n

Moving forward, we expect the fourth quarter results to follow the same trend. Overall, Morgan Stanley\u2019s revenues<\/strong> are estimated to remain around $54.22 billion in FY2023. Additionally, MS\u2019s adjusted net income margin is likely to see a slight dip in the year, leading to an adjusted net income of $9.34 billion and an annual GAAP EPS of $5.65. This coupled with a P\/E multiple of just below 16x will lead to a valuation of $90.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Morgan Stanley\u2019s stock (NYSE: MS) has lost roughly 6% YTD, as compared to the 18% rise in the S&P500 over the same period. Further, the stock is currently trading at $80 per share, which is 11% below its fair value of $90 \u2013 Trefis\u2019 estimate for Morgan Stanley\u2019s valuation. Amid the current financial backdrop, MS […]<\/p>\n","protected":false},"author":1,"featured_media":87101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-87100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nUp 10% In The Last One Month, What\u2019s Next For Morgan Stanley Stock? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Morgan Stanley\u2019s stock (NYSE: MS) has lost roughly 6% YTD, as compared to the 18% rise in the S&P500 over the same period. 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