Morgan Stanley Has a Dividend and Momentum

Morgan Morgan Stanley (NYSE: MS) is a global wealth management and financial services company, and one of the most successful in its industry. It’s no surprise that it’s a popular target for stock market investment. While the economy falters and many of the larger banks struggle to maintain their momentum, Morgan Stanley has stood out from the pack. With a solid dividend and a surprise earnings report, this is one of the best stocks to consider in the third quarter.

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When Morgan Stanley released second-quarter earnings on Thursday, it reported total year over year revenue growth of 30.9%. Noninterest revenue was $11.81 billion, up 28% from the year ago period. Analysts had expected just $9.36 billion. Income from interest was up 31% in the quarter.

The firm has managed to stay fully operational during the Coronavirus Pandemic. 90% of its staff continue to work from home.

Strong fiscal performance will attract new investors in the coming days. This stock is appealing for its momentum and its ability to generate income over the long term. The dividend is reliable and produces a yield of 2.66% at today’s price. Whether for income or its potential to grow, Morgan Stanley is a good fit for any well-diversified portfolio.

Key Data:

  • 1 Year Price Growth: 48%
  • YTD Price Growth: 97%
  • 3 Month Price Growth: 23%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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