economy
This Big Bank on Josh Brown's Best Stocks List is Beating Out JPMorgan Chase
Josh Brown and Sean Russo take a look at what's driving this Big Bank stock.
TL;DR
- Morgan Stanley's renaissance is attributed to its investment banking and wealth management businesses, which are considered best-in-class.
- The wealth management division has attracted over $1.6 trillion in net new assets in five years, serving over 20 million clients and closing 2025 with $7.4 trillion in assets.
- Strategic acquisitions like E*TRADE are proving successful, with clients migrating from self-directed accounts to financial advisors.
- Investment banking revenues hit a record $10.7 billion, with advisory revenues up 74% due to increased M&A activity.
- Morgan Stanley has outperformed major banks like Citigroup, Wells Fargo, Bank of America, and JPMorgan Chase on an annualized total return basis over 15 years.
- The stock's price-to-book ratio is at its highest since 2001, reflecting its strong business performance.
- Technical analysis suggests a steady uptrend, with key support levels at the 50-day ($178) and 200-day ($169) moving averages.