BUZZ-PREVIEW: Morgan Stanley climbs as Wall Street awaits promising results
** Shares of Morgan Stanley MS.N rise 4.1% a day ahead of earnings, as upbeat results from peers lift optimism across investment banks
** Bank expected to post Q4 profit of $1.69/shr, according to estimates compiled by LSEG, versus 85 cents/shr a year earlier
** Analysts forecast growth in Morgan Stanley's investment banking and trading revenue, as economic stability and interest rate cuts spur a wave of acquisitions, stock sales and bond offerings
** Its wealth management business has also grown, thanks to efforts to create a steady stream of revenue to counter fluctuations in the mainstay businesses
** Seven of 24 analysts rate MS stock "buy" or higher and the rest "hold"; their median PT is $132 - LSEG data
** Its shares gained ~35% in 2024
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))
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