The financial services industry closed the day up 0.7%. SGOCO Group ( SGOC), Essex Rental ( ESSX), Diamond Hill Investment Group Inc ( DHIL), and ProShares Ultra KBW Regional Banking ( KRU) were all winners today within the financial services industry with Morgan Stanley ( MS) being today's featured financial services winner. Morgan Stanley rose 47 cents (3.4%) to $14.48 on heavy volume. Throughout the day, 65.3 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 29 million shares. Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. Morgan Stanley has a market cap of $24 billion and is part of the financial sector. The company has a P/E ratio of 16.9, below the average financial services industry P/E ratio of 23.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 54.2% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Morgan Stanley as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
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