18 January 2017
Financial results of Morgan Stanley Bank for the fourth quarter of 2016 exceeded market expectations. We invite you to learn more about the results and look over trading forecast of leading FreshForex analyst Alexander Goryachev.
According to Morgan Stanley financial results, its revenue and net income for the fourth quarter of 2016 has increased by 8.93% and 24.6% respectively. Fed's interest rate raise by 0.25% in December 2016 would contribute to the increase of net interest margin in 2017 and would have positive impact on bank's operating activity.
On P/BV multiple (basic ratio for banks) Morgan Stanley is traded by 8% below average. This entails high potential of quotes increase.
Our trading recommendation:
Take profit 43,16
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