Morgan Stanley outpaces market with 1.1% stock gain
Complete. Here is the key summaryMorgan Stanley's stock rose 1.1%, outperforming the S&P 500's 0.58% increase. Analysts project Q2 EPS of $2.71, a 27.23% year-over-year growth, with revenue up 11.41%. The bank's forward P/E is 17.01, above the industry average, and it holds a Zacks Rank of #3 (Hold).
Stock beats market: Morgan Stanley gained 1.1% in the latest session, surpassing the S&P 500's 0.58% rise. Earnings growth forecast: Analysts expect Q2 EPS of $2.71, up 27.23% year-over-year, with revenue growth of 11.41%. Valuation and ranking: The bank trades at a forward P/E of 17.01, above industry average, and holds a Zacks Rank of #3 (Hold).