Morgan Stanley's earnings surpassed expectations, driving a 6.5% stock surge. Strong performance in all segments led to the company gaining the highest one-day return compared to the other banks after reporting Q3 earnings. Despite a positive investment banking outlook, the stock remains expensive, with a PE of 18.1x and a PEG of 2.48x. Given the outlook, rapid growth, and valuation, I reiterate my "buy rating" on Morgan Stanley's stock.
U.S. pipeline operator Kinder Morgan fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes.
Ted Pick expects a sleepy IPO market to start waking up.
Thomas Martin, Globalt Investments senior portfolio manager, joins ‘Power Lunch' to discuss stock plays for three stocks.
Morgan Stanley Chief Executive Officer Ted Pick speaks to Bloomberg's Sonali Basak in New York after the bank reported better-than-expected revenue in the third quarter. Shares rose sharply on the news.
Both Imports and Exports were deeper into the negative than expected. Meanwhile, MS, ABT and USB all beat of Q3 earnings.
Shares of Morgan Stanley (NYSE:MS) are up 7.5% to trade at $120.66 this morning, after the company posted a third-quarter beat , with an earnings per share of $1.88 on $3.19 billion in revenue.
Morgan Stanley Chief Executive Officer Ted Pick says he's bullish on deals and more companies going public. He speaks to Sonali Basak on “Bloomberg Open Interest” after the company posted the best third-quarter trading gains on Wall Street.
Morgan Stanley CEO Ted Pick discusses the outlook for bank capital regulations with Sonali Basak on “Bloomberg Open Interest” after the company posted the best third-quarter trading gains on Wall Street. Sign up for the Wealth newsletter, a guide to your money, delivered weekly: Click Here -------- More on Bloomberg Television and Markets Like this video?
Morgan Stanley CEO Ted Pick says the biggest trading firms are putting more distance between them and their smaller rivals. He speaks with Sonali Basak on "Bloomberg Open Interest" after the company posted the best third-quarter trading gains on Wall Street.
Ted Pick, Morgan Stanley CEO, joins 'Squawk on the Street' to discuss the biggest holdup for the capital market recovery, if interest rates will get to a level that will reignite the IPO market, and much more.
"I am bullish on IPOs and M&A coming back," said the banks' CEO.