Morgan Stanley (MS) Earnings Preview

Post by:

Morgan Stanley (MS) is a financial holding company providing a variety of products and financial services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The stock is currently trading around $39.91 at the upper end of its 52 week range of $31.12-$40.26. The stock has been performing in line with the market this year rising 2.86% year to date. MS is scheduled to report earnings before the opening bell on Monday, and the stock is unchanged today on the session ahead of the close.

Over the past 12 quarters MS has rallied on earnings day 8 times with an average move of 3.49%. The stock appears bullish on a chart going into the release having traded above or in the Ichimoku Cloud for the past few months since mid-April on the daily bars. Over the past 12 quarters MS has rallied from earnings to the nearest options expiration 9 times with an average move of 3.65%. The stock looks as if it could rip to the upside in today’s session following the 3 month trend. Investors are expecting to see how the company performs after reporting 176 deals worth $569 billion. Despite near zero interest rate environments, investors have seen pickup in consumer and commercial loan demand to aid the company’s net interest income.

The options market is currently implying a move of around $1.25 or 3.1% in MS by this Friday’s close giving us targets of $38.66 and $41.16.

Andrew Keene

Submit a Comment

Your email address will not be published. Required fields are marked *



Join our VIP Notification Service and Be Among The First To Know About All The Latest Trade Ideas, Trading Tips, Highly Profit Potential Trades, and Market Predictions From Our Team of Expert Traders!
Join Text Messaging List
By providing your mobile phone number and clicking on the above button, you agree to receive automated promotional messages from us. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy  
You have to agree on terms in order to proceed to the subscription.


Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy