Morgan Stanley (MS) is currently at $56.10, up $3.16 or 5.96%

 

-- Would be highest close since March 21, 2018, when it closed at $57.11

-- On pace for largest percent increase since Dec. 26, 2018, when it rose 6.19%

-- Earlier Thursday, Morgan Stanley reported fourth-quarter profit rose 46% from a year ago, capping off the bank's best year on record. The firm's profit of $2.2 billion, or $1.30 a share, on $10.9 billion in revenue, topped expectations of analysts polled by FactSet, who had forecast earnings of $1.02 a share on $9.71 billion of revenue

-- The firm is aiming for a return on tangible equity of 13% to 15% by 2021 and as high as 17% in the future, which today make it one of the country's most profitable big banks. The figure was 12.9% for 2019 excluding one-time tax benefits

-- Currently up seven consecutive days; up 10.16% over this period

-- Longest winning streak since Oct. 23, 2019, when it rose for 11 straight trading days

-- Best seven day stretch since the seven days ending Jan. 4, 2019, when it rose 11.59%

-- Up 9.73% month-to-date

-- Down 38.32% from its all-time closing high of $90.95 on Sept. 11, 2000

-- Would be a new 52-week closing high

-- Traded as high as $56.94; highest intraday level since March 21, 2018, when it hit $58.17

-- Up 7.56% at today's intraday high; largest intraday percent increase since Nov. 9, 2016, when it rose as much as 8.24%

-- Best performer in the S&P 500 today

-- Second most active stock in the S&P 500 today

 

All data as of 10:07:11 AM

 

Source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 16, 2020 10:29 ET (15:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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