Morgan Stanley Reaches New 52-Week High (MS)

NEW YORK ( TheStreet) -- Morgan Stanley (NYSE: MS) hit a new 52-week high Thursday as it is currently trading at $27.55, above its previous 52-week high of $27.17 with 5.2 million shares traded as of 9:35 a.m. ET. Average volume has been 18.5 million shares over the past 30 days.

Morgan Stanley has a market cap of $51.71 billion and is part of the financial sector and financial services industry. Shares are up 38.8% year to date as of the close of trading on Wednesday.

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.

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TheStreet Ratings rates Morgan Stanley as a buy. 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.

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