Morgan Stanley reported second-quarter earnings results that did not disappoint, with revenue of $21.3 billion growing a striking 27% from the year-ago period, while $3.46 in diluted EPS swelled 58%. Like its peers, the firm saw surreal growth in investment banking (up 58%) and trading (up 48%).
The largest financial services firms could capture substantial market share on the back of technology investments in areas like underwriting, pricing, due diligence, and customer service.
Equity underwriting volumes could remain perpetually lower, given the high costs of being a public company, disproportionately impacting equity underwriting leaders like Morgan Stanley.
|
Metric
|
MS
|
BAC
|
JPM
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.64 | 14.65 | 16.25 |
Price/Book Value | 3.22 | 1.62 | 2.71 |
Price/Sales | 4.72 | 3.96 | 5.06 |
Price/Cash Flow | 12.27 | 9.40 | 11.10 |
|
Metric
|
MS
|
BAC
|
JPM
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
MS
|
BAC
|
JPM
|
|---|---|---|---|
Return on Assets (Normalized) | 1.50% | 1.07% | 1.31% |
Return on Equity (Normalized) | 21.71% | 13.31% | 17.86% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| The Goldman Sachs Group Inc
GS
| LOCK|l^&#^p% | LOCK|p# | $306B | |||
| Charles Schwab Corp
SCHW
| LOCK|@<M&W@Y | LOCK|H^r | $191B | |||
| Robinhood Markets Inc Class A
HOOD
| LOCK|F&$!&w | LOCK|?>ST> | $87B | |||
| Interactive Brokers Group Inc Class A
IBKR
| LOCK|PHPL%X! | LOCK|QX | $43B | |||
| LPL Financial Holdings Inc
LPLA
| LOCK|W!RhyS | LOCK|$& | $29B | |||
| Tradeweb Markets Inc
TW
| LOCK|K@H@w^x! | LOCK|pB | $22B | |||
| IREN Ltd
IREN
| LOCK|<@^%XQ | LOCK|!P | $16B | |||
| Stifel Financial Corp
SF
| LOCK|wt<G!w! | LOCK|tyN^ | $13B | |||
| Jefferies Financial Group Inc
JEF
| LOCK|?kb>f@^ | LOCK|j# | $13B |
United States