Shares of Morgan Stanley (NYSE:MS) traded at a new 52-week high today of $97.17. Approximately 5.6 million shares have changed hands today, as compared to an average 30-day volume of 10.2 million shares.
Over the past year, Morgan Stanley has traded in a range of $45.86 to $97.17 and is now at $94.80, 107% above that low.
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.
Morgan Stanley (NYSE:MS) defies analysts with a current price ($94.80) 13.3% above its average consensus price target of $82.17.
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