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NEW YORK (
Morgan Stanley (MS - Get Report) was the winner among the largest U.S. banking names on Friday, with shares rising 4% to close at $20.33.
The broad indexes saw slight gains, although the Census Bureau reported that sales of new single-family homes fell 1.6% during February to a 313,000 seasonally adjusted annual rate, from a downwardly revised January rate of 318,000, capping a weak of generally negative housing reports.
KBW Bank Index (I:BKX) rose 1% to close at 49.52, with 20 of the 24 index components ending the week with gains.
Morgan Stanley's shares have now returned 35% year-to-date.
The stock trade for nine times the consensus 2013 earnings estimate of $2.36 a share, among analysts polled by Thomson Reuters, and for a heavily discounted 0.7 times the firm's reported Dec. 30 tangible book value of $27.95.
Credit Suisse analyst Howard Chen on Friday reiterated his "Outperform" rating for Morgan Stanley, with a price target of $26, while lowering his 2012 EPS estimate to 75 cents from $1.50, "due entirely to the incorporation" of an expected $2.2 billion in debit valuation adjust losses during the first quarter.
Chen said his believed Morgan Stanley's "franchise restoration, healthier market conditions and the absence of new negatives from here could drive share price outperformance."
Interested in more on Morgan Stanley? See TheStreet Ratings' report card for this stock.