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Fly News Breaks for April 19, 2016
MS
Apr 19, 2016 | 08:02 EDT
After Morgan Stanley reported stronger than expected Q1 results, JMP Securities says that the market is underestimating the company's positive ROE catalysts. Among these catalysts are expense ratio initiatives, returns of excess capital within FIC, and interest rate increases, according to the firm. JMP reiterates a $36 price target and Outperform rating on the stock.