Morgan Stanley Receives a Buy from BMO Capital

By Ryan Adsit

BMO Capital analyst James Fotheringham maintained a Buy rating on Morgan Stanley (NYSE: MS) on November 24. The company’s shares closed yesterday at $40.44, close to its 52-week high of $41.20.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 11.7% and a 83.7% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, Apollo Investment Corp., and Credit Acceptance Corp.

Morgan Stanley has an analyst consensus of Moderate Buy, with a price target consensus of $35.20.

Based on Morgan Stanley’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $9.44 billion and quarterly net profit of $1.6 billion. In comparison, last year the company earned revenue of $8.56 billion and had a net profit of $1.02 billion.

Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan on September 16, 1935 and is headquartered in New York, NY.