Morgan Stanley (NYSE:MS) traded today at a new 52-week high of $96.23. Approximately 2.4 million shares have changed hands today, as compared to an average 30-day volume of 10.1 million shares.
Morgan Stanley (NYSE:MS) is currently priced 14.2% above its average consensus analyst price target of $82.17.
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and asset management segments. The company had about $4 trillion of client assets as well as nearly 70,000 employees at the end of 2020. Approximately 40% of the company’s net revenue is from its institutional securities business, with the other half coming from wealth and asset management. The company derives about 30% of its total revenue outside the Americas.
In the past 52 weeks, shares of Morgan Stanley have traded between a low of $45.86 and a high of $96.23 and is now at $95.72, which is 109% above that low price.
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