Analysts Like Goldman’s Results, But They Love Morgan Stanley’s
- Wall Street roundly approves of Morgan Stanley earnings
- They’re asking more questions about Goldman’s sustainability
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Morgan Stanley is a clear winner, posting its biggest share rally since February 2017, after reporting third-quarter results earlier, garnering near-universal approval from Wall Street analysts picking through its report. Goldman Sachs Group’s stock is gaining too, but just the most since September 19, while its earnings are getting more of a cold eye.
Morgan Stanley is scoring the biggest gain in the S&P 500 Financials Index, while BlackRock Inc. and a host of regional banks, including Comerica Inc., were among the largest decliners. BlackRock’s and Comerica’s third-quarter earnings disappointed, with BlackRock flagging lower fees and investor anxiety, and Comerica’s loans slipping.