Muted session so far for Morgan Stanley as it oscillates around $95.55

Published: January 25 2023, 19:11 GMT+0

Muted session so far for Morgan Stanley as it oscillates around $95.55

Without a clear-cut direction, Morgan Stanley is trading around $95.55 and ranging between $94.44 and $95.55.

  • Morgan Stanley discloses 77.5 cents per share dividend to be paid on Tuesday, November 15th

The trading session is well on its way, S&P 500 is down 0.04% at 4,003.56. Morgan Stanley is flat, while the Financial Services sector seems to be on the same page.

This year has been a bright one for the banking company after trading as low as $72.9 and going on to appreciate by 11.42% year to date. So far this year, it has been outperforming the S&P 500 by 6.62%. Morgan Stanley's market cap currently stands at $160 billion with an average daily trading volume of 7.78 million shares. Morgan Stanley is forecasted to generate revenues of $14.36 billion and EPS of $1.25.

The firm disclosed a quarterly dividend of 77.5 cents per share on Friday, October 14th and was paid on Tuesday, November 15th — thereby generating a yield of 3.24% for all eligble shareholders.

Meanwhile, mixed performances are seen in other financials stocks as HDFC Bank Limited is down 5.31% from the beginning of the session and now trades around $67.65. Wells Fargo & Company is trading at $45.15 after ending yesterday's session at $44.45 (up 1.56%). HSBC Holdings is trading at $37.08 after ending yesterday's session at $36.69 (up 1.06%).

It's worth noting that Mandell Crawley, Chief Human Resources Officer of Morgan Stanley, cut down their holdings in the company Thursday by selling 3,740 shares for $93.75 (transaction value of $350,625).

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