BUZZ-PREVIEW: Morgan Stanley seen reporting higher Q4 profit, results due Thursday
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Morgan Stanleyis expected to report higher Q4 profit and revenue, with analysts predicting Q4 revenue of $17.77 billion and EPS of $2.44, up from $16.22 billion and $2.22 a year ago. Despite a 1.6% drop in shares on Wednesday, the bank is anticipated to benefit from increased fees amid a dealmaking boom. The median 12-month price target for MS is $190.00, with current shares at $179.89. Year-to-date, MS shares are up approximately 1.4%.
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