Yahoo Finance This Top Finance Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
Should You Buy #1 (Strong Buy)-Ranked Morgan Stanley (MS) for Your Portfolio?
Morgan Stanley was upgraded to the Zacks Rank #1 list on May 3, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Founded in 1935 and incorporated under the laws of the State of Delaware in 1981, Morgan Stanley is the leading financial services holding company headquartered in New York. With 79,610 employees, the company serves a diversified group of clients and customers — including corporations, governments, financial institutions and individuals — through offices across 41 countries.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.47 to $6.84 per share. MS also boasts an average earnings surprise of 11.2%.
Earnings are forecasted to see growth of 25.3% for the current fiscal year, and sales are expected to increase 6.8%.
Additionally, MS has climbed higher over the past four weeks, gaining 0.4%. The S&P 500 is down 2.7% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Morgan Stanley could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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