Financial Wire

奧本海默稱,摩根士丹利第一季業績強勁,主要得益於交易表現,但估值似乎過高。

-- 摩根士丹利 (MS) 公佈的第一季業績“強勁”,主要得益於交易和投資銀行業務的成長。但奧本海默週四在一份報告中指出,該股的估值相對於其歷史水準而言似乎過高。 奧本海默表示,第一季業績遠超預期,主要得益於交易收入的成長和投資銀行手續費的提高。摩根士丹利受益於股票和部分固定收益業務的強勁表現,而這更多是受業務組合而非行業整體變化的影響。 銀行業務收入大幅成長,主要得益於諮詢、股票承銷和債券發行業務。專案儲備依然穩健,預示未來將逐步復甦。儘管收入成長,但支出基本上符合預期,這反映了公司在持續投資人才和技術的同時,也嚴格控制了成本。 摩根士丹利的資本狀況依然強勁,股票回購規模超乎預期,管理階層表示潛在的監理變化可能對資本影響不大。 奧本海默維持對摩根士丹利的「與大盤持平」評級,並補充說,其目前的估值相對於歷史水平而言似乎過高,並表示目前更傾向於傑富瑞金融(JEF)而非摩根士丹利。

Price: $188.24, Change: $-3.38, Percent Change: -1.76%

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