EarningsThe company delivered better than expected fee-based flows and a constructive outlook for 2025, driven by deposit repricing and flows, a pick up in wealth loan growth, and elevated levels of retail trading engagement.
Mergers And AcquisitionsThe company's M&A pipeline is at the highest level in 7 years, indicating an optimistic outlook for capital markets activity.
Valuation And Growth PotentialMorgan Stanley is attractively valued trading at 13.7x 2026 P/E vs. 12% avg. annual EPS growth implied by forecast FY25-27 and 2.8x YE25e P/TBV vs. 20% avg. return on tangible common equity forecast.