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Morgan Stanley MS Stock Quote

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Last close prices updated as of Feb 06, 2023, 4:10 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 99.43
  • Sector Financial Services
  • Industry Capital Markets
  • Investment Style Large Value
  • Day Range 98.07  –  99.20
  • Year Range 72.05  –  109.73
  • Market Cap 165.6575 Bil
  • Volume / Avg 4.7 Mil /  6.5 Mil
  • Price / Sales 3.39
  • Price / Book 1.81
  • Forward Div Yield 3.12%
  • Trailing Div Yield 3.06%

Morningstar‘s Stock Analysis MS

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Is it the right time to buy or sell?

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Capital Markets Marred Morgan Stanley’s 2022 Results, but Bulk of Business Should Be Stabilizing

Michael Wong Sector Director

Analyst Note

| Michael Wong |

Most of the drop in Morgan Stanley’s 2022 revenue and earnings can be attributed to capital markets, and while the economy should be on the edge of a recession in 2023, the year may also establish a bottom for capital markets activity and asset prices for this cycle. For the fourth quarter of 2022, Morgan Stanley reported net income to common shareholders of $2.1 billion, or $1.26 per diluted share, on $12.7 billion of net revenue. Net revenue declined 12% from the previous year and 2% sequentially, leading to 41% and 15% declines in net income, respectively. The majority of the year-over-year revenue decline came from the institutional securities business. As we had said in 2021 and 2022, the institutional securities business had abnormally high investment banking and trading revenue related to the monetary and fiscal stimulus used to combat the economic effects of COVID-19. We had also mentioned that 2021 institutional securities operating margins were much too high at about 40% compared with a recent historical average closer to 30% and that Morgan Stanley and other capital market firms could have declining revenue and compression in operating margins. For the whole year, institutional securities segment net revenue declined $5.4 billion, or 18%, and operating margins compressed to 28% from 40%. We don’t anticipate making a material change to our $91 fair value estimate for narrow-moat Morgan Stanley and assess shares are fairly valued.

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Key Statistics MS

Company Profile MS

Business Description

Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had about $5 trillion of client assets as well as over 70,000 employees at the end of 2021. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.

1585 Broadway
New York, NY, 10036
Industry Capital Markets
Employees 82,000

Related Articles MS

FAQs for Morgan Stanley Stock

Yes. MS has a forward dividend yield of 3.12%. See MS’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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MS’s market cap is 165.66 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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MS’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MS’s price/sales is 3.39.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

MS’s price/forward earnings is 13.62.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

MS’s price/book is 1.81.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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MS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MS’s historical performance against its industry peers and the overall market.