US stocks start to bounce back, led by gains for banks


Parkside Financial Bank & Trust increased its position in Morgan Stanley by 6.4% in the third quarter.

US stocks are rebounding Wednesday morning as strong results from Morgan Stanley and rising bond yields send banks and other financial companies higher. "People are looking for evidence that these confidence numbers are translating into actual actions and the Beige Book showed that over the last couple of months it's been more of the same".

Morgan Stanley's shares were up about 2 per cent at US$42 (RM182) in premarket trading today.

Genuine Parts jumped $3.45, or 3.8 percent, to $93.53 and AutoNation advanced $1.60, or 3.9 percent, to $43.15.

Most recently Morgan Stanley (NYSE:MS) posted a surprise factor of 24.62%. The firm owned 4,183,492 shares of the financial services provider's stock after selling 45,680 shares during the period. Analysts are forecasting earnings of $0.9 on a per share basis this quarter. A significant surprise factor can lead to stock volatility and swings in the share price in the hours and days following the earnings report. Perhaps, that suggests something about why 1.74% of the outstanding share supply is held by institutional investors.

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CMC Markets analyst Colin Cieszynski said: "Action in U.S. stocks moving deeper into earnings season indicates that traders appear to be more in punishing those who fail to meet inflated expectations and taking profits against positive news, than in adding to positions". The company has a 50-day moving average price of $44.15 and a 200-day moving average price of $40.77. The stock touched its high share price of $47.33 on 03/08/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/27/16 as $22.71.

Currently, the market capitalization of Morgan Stanley (MS) is 77.43 Billion.

Morgan Stanley (MS) is now showing its ROA (Return on Assets) of 0.7%. Compass Point assumed coverage on shares of Morgan Stanley in a report on Wednesday, February 22nd.

USA stocks gave up a promising start and finished mostly lower Wednesday as investors continued to worry about lagging wages and energy companies dropped with the price of oil. Instinet reissued a "buy" rating and issued a $49.00 target price on shares of Morgan Stanley in a research note on Monday, January 30th. Stock has got OUTPERFORM rating from 11 analysts of Thomson Reuters, 11 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating.

Several investment firms issued their expert ratings on Morgan Stanley (MS) in which Compass Point Initiates Coverage On Morgan Stanley (MS) to Neutral by settling a price target of $46 on 2/22/17. The current share price indicates that stock is -12.93% away from its one year high and is moving 81.45% ahead of its 52-week low. The Fund's investment objective is to seek capital growth by investing, under normal circumstances, approximately 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges.