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Morgan Stanley - Stock Quote MS

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Morningstar's Morgan Stanley Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Morgan Stanley’s Q1 Results Look Steady, but Likely To Be Volatile Like Peers Over Near Term

Michael Wong, CFA, CPA Sector Director

Analyst Note

| Michael Wong, CFA, CPA |

Narrow moat rated Morgan Stanley reported revenue and earnings for the first quarter of 2022 that were comparable to recent quarters, but we believe that results may look a bit more volatile like peers over the next several quarters. The company reported earnings to common shareholder of $3.5 billion, or $2.02 per diluted share, on $14.8 billion of net revenue, and returns on tangible equity were strong at 19.8%. The company averaged $14.9 billion of net revenue and $2.01 of earnings per diluted share per quarter in 2021, so it looks like a continuation of steady results; however, it wasn’t. We are maintaining our $95 fair value estimate for Morgan Stanley and assess shares as modestly undervalued.

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Morgan Stanley's Company Profile

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.

Contact
1585 Broadway
New York, NY, 10036
T +1 212 761-4000
Sector Financial Services
Industry Capital Markets
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 77,000

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