MORGAN STANLEY STOCKS FALL AFTER EARNINGS DISAPPOINTMENT

In the Premarket trading session on Thursday, Morgan Stanley’s stock was trading at 42.56- lower by 4.34% as compared to its previous close.

The bank reported profit and revenue below the market expectation as whipsawing markets late last year took a toll on the company’s two biggest businesses. The firm’s two biggest businesses, Wall Street trading, and advisory and wealth management, both suffered revenue declines amid a difficult market environment last year.

Morgan Stanley generated EPS of 80 cents for the fourth quarter. The EPS was below the consensus estimates of 89 cents. Companywide revenue fell 10% to $8.55 billion-below the market expectation of $9.3 billion.

The company posted the weakest fixed-income trading results of its peers, falling 30% to $564 million, compared with the median forecast of $806 million.

On the technical front, the current price is below the MA5 (42.61). The current price is above the middle line of the Bollinger Bands but is heading downwards. The current price is above the MA20 (40.47).  The stock is expected to trade lower today.

 

TRADE SUGGESTION- LIMIT SELL AT 42.95 TAKE PROFIT AT 42.05 STOP LOSS AT 43.45

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