) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, Morgan Stanley fell $0.61 (-2.4%) to $24.43 on average volume. Throughout the day, 18,158,479 shares of Morgan Stanley exchanged hands as compared to its average daily volume of 20,028,500 shares. The stock ranged in price between $24.26-$24.88 after having opened the day at $24.77 as compared to the previous trading day's close of $25.04. Other companies within the Financial Services industry that declined today were:
), down 6.5%,
), down 6.2%,
), down 6.1% and
), down 5.2%.
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Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. Morgan Stanley has a market cap of $48.8 billion and is part of the financial sector. The company has a P/E ratio of 47.1, above the S&P 500 P/E ratio of 17.7. Shares are up 31.0% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Morgan Stanley a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Morgan Stanley Ratings Report.
On the positive front,
), up 11.9%,
), up 8.7%,
), up 7.3% and
), up 5.3% , were all gainers within the financial services industry with
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.