Morgan Stanley (MS-NYSE) is expected to post earnings per share of $1.98 on revenues of $9.85 Billion. If you compare Morgan Stanley shares to last Monday’s close before we had any of the competing earnings out of other Wall Street firms, shares were at $88.54. That is less than 1% higher than today’s $87.80 close and almost exactly in-line with the $88.50 close yesterday.
Since Monday of last week we have seen the following brokers perform as follows:
Lehman Bros. (LEH-NYSE) $81.30 close today; $75.68 last Monday before its earnings
Bear Stearns (BSC-NYSE) $146.79 close today; $148.39 last Monday and $149.49 before its earnings.
Goldman Sachs (GS) $229.47 close today; $227.85 last Monday and $233.64 before its earnings.
Jon C. Ogg
June 19, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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