NYSE:MS

Morgan Stanley (MS)

179.49
-4.48 (2.44%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
72 watching
0
BUY
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. His favourite investment management bank as they pivot towards the more stable wealth management business.
PAST TOP PICK
(A Top Pick May 27/21, Down 8%) Largest wealth manager in the US. All US banks have sold off. Cheap multiple, good dividend. Long-term core holding. Financial services sector is on sale right now.
BUY
Offers a hybrid of operations: underwriting, capital markets and especially wealth management which amounts to 50% of their revenues alone. Happy to own it.
BUY
Trades at a cheap 12x earnings, pays a 3+% yield and buysback shares. This and Bank of America are the top banks. MS' PE is shrinking even as the Fed raises rates. He added more shares last week when it was down.
BUY
They performed with trading revenues in their recent report. Banks will have to build reserves for potential credit losses, though.
BUY
Great franchise. Strong CEO. Not as susceptible to high interest rates as others. More than 1/2 revenue comes from wealth management, and if that grows, they'll do well. Market volatility means lots of trading, which is good, but also higher beta. Attractive valuation.
BUY
Largest wealth manager in the US. Wealth management is doing very well. Great long-term business to be in. Executed extremely well for years. Expects great dividend growth. Attractive at these levels. A long-time holding of his.
HOLD
Block trading issue, institutional investing profit margins? With large companies, investigations are fairly common, but you have to look at the long-term material effect of these issues. Any financial penalty is not likely to be material, so he's not upset. More aggressive on wealth management, which generates more than 50% of revenue, with higher margins than the institutional side. Think of the briskness of trading. Well managed. Good promise. Low multiple at 11x, and could duck below 10x on earnings next year.
COMMENT
Question was on effects of sanctions and Morgan Stanley in particular. MS not being that affected by sanctions but is in an environment where capital market and investment banks are being impacted more than super regionals and regional banks.
WEAK BUY
Likes US and global financials. Great management. Well executed. Not really expensive at 1.6x price to book. 11x forward earnings. Below 200-day MA, due to volatility. A few names he likes a bit more, but he likes it.
BUY ON WEAKNESS
Transition away from capital markets and more to wealth management has been a phenomenal decision. Likes very much. Performing very well, strong growth profile, reasonable valuation. If you own, hold. Otherwise, wait for a pullback to enter a position. Good long-term.
BUY
An inflation-protection trade: he likes and owns JPM, but recommends also MS. He likes financials for their cyclical exposure. Thought MS is trading at all-time highs, they execute very well on all fronts. It trades at a slight premium, but deserves it. It's the best among banks. INFL holds stocks that will benefit from rising prices: small/mid-caps, 40% financials, 40% energy and 20% commodity names.
COMMENT
Question comparing the two companies. Both are good at these levels. Morgan Stanley had better growth last year. For the longer term look at payment processing companies.
BUY
He didn't care for the company before, but now it has $5 trillion in customer assets under its roof. It's a great franchise. The CEO has transformed MS.
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