Morgan Stanley upgraded at Nomura


Citing Morgan Stanley's (MS +0.4%) big Q1, Nomura upgrades the stock to a Buy with price target raised to $36 from $33. The bank's capital build and strength in investment banking and trading offset modest disappointment with wealth management results, says the team. Going forward, fixed income will remain a challenge, but look for "robust" revenue from institutional securities. An increased backlog in investment banking and "constructive" outlook for equities business are also positives.

Morgan Stanley earnings coverage from last week

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs