** Morgan Stanley's first-quarter profit beat estimates on Tuesday, fueled by a resurgence in investment banking and growth in wealth management
STEADY GROWTH AMID MACRO RECOVERY
** BofA Global Research ("buy," PO: $106) says MS's differentiated franchise positioning across wealth/capital markets/online trading is expected to boost co's growth
** Evercore ISI ("outperform," PT: $102) believes co could benefit from the economy's return to a period of "robust capital market activity and strong overall growth"
** Positive operating leverage on continued good execution, solid organic growth, margin improvement, & capital return to help MS "earn their way through" going forward -Evercore ISI
** Barclays ("overweight," PT: $116) expects trading revenue to be seasonally lower in the upcoming quarter as compared to Q2 2024; adds Wealth Management NII to be relatively stable in Q2
** Morningstar (fair value: $88) believes co's investment banking revenue to increase in the next several years
(Reporting by Kanchana Chakravarty in Bengaluru)
((Kanchana.Chakravarty@thomsonreuters.com))
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