Can Morgan Stanley Move Higher?
T = Trends for a Stock’s Movement
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions, and individuals. The company operates in three segments: institutional securities, global wealth management group, and asset management. Morgan Stanley provides financial advisory and capital-raising services; equity, fixed income, and alternative investments; and merchant banking services. It participates in an industry that powers most other types of businesses around the world.
Morgan Stanley is reportedly in discussions with the Federal Reserve for the bank to buy back more stock in 2014, the Wall Street Journal reports. Morgan Stanley bought back $500 million of its own stock this year for the first time since the financial crisis. Morgan Stanley is looking to raise its return on equity, which is still behind other banks despite strong earnings reports in recent quarters that have raised the stock price 52 percent thus far this year. The Journal noted that it’s unclear if the buyback amount will be more or less than this year.