BUZZ-Street View: Morgan Stanley to benefit from improving capital market activity

Reuters04-17

** 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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