Morgan Stanley (MS) 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. MS is currently trading around $33 in a 52 week range of $28.13 – 36.44. The company’s stock has been underperforming the market this year with shares decreasing 5.82% year to date. Shares have decreased nearly 5.82% so far since Monday, but are around $3 below their 52-week high of $36.44.
Morgan Stanley is scheduled to report Q3 2014 earnings before the opening bell tomorrow. The results are scheduled for release at approximately 7:15 a.m. EST, with a conference call to follow at 10:00 AM EDT. The earnings release is the last of the banks this quarter. Analysts have rated the stock with 9 Buys, 9 Holds, and 1 Sell rating. Morgan Stanley’s quarterly profit more than doubled in the second quarter as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading. The Manhattan-based company is expected to report a profit of 54 cents a share on revenue of $8.17 billion, compared with EPS of 50 cents on revenue of $8.2 billion.
Looking at the company’s earnings history, MS has rallied 5 of the last 8 quarters. On average, the stock has moved about 2.5% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 3% move in the stock for the October 17 weekly option chain. MS has been trading above the Ichimoku Cloud on the daily chart for the past 5 months, falling under the cloud in the last few days.