Morgan Stanley’s stock outpaced gains in other financial stocks Thursday, after the bank and broker forecast a robust flow of deals as it beat both profit and revenue expectations for the latest quarter.

The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.

Morgan Stanley (MS) reports its highest quarterly revenue in over 15 years, driven by strong performance in Wealth and Investment Management, while navigating geopolitical and regulatory hurdles.

Analyst Daniel Fannon of Jefferies maintained a Buy rating on Morgan Stanley (MS – Research Report), boosting the price target to $151.00.Stay

In a report released yesterday, Ebrahim Poonawala from Bank of America Securities reiterated a Buy rating on Morgan Stanley (MS – Research

In the case of Morgan Stanley, the wirehouse wants its financial advisors to increase their banking relationships with clients and sell more loans, a practice known as cross-selling. For Merrill Lynch,

Profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled in the fourth quarter, signaling a strong 2024 for Big Banks. Stephen Biggar, director of financial services research at Argus Research,

Morgan Stanley reported robust earnings surpassing market expectations, powered by significant gains in revenue and income.

Shares of Morgan Stanley gained in early trading Thursday, after the bank and broker beat both profit and revenue expectations for the latest quarter, fueled by strength in the equity and bond trading businesses.

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Morgan Stanley’s traders beat analysts’ estimates in the fourth quarter, joining their other Wall Street rivals in reporting a strong end to the year on volatility tied to the US elections and economic data in the final months of 2024.