AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Curtiss-Wright: Morgan Stanley Reiterates Overweight Rating with $550 PT
ByAinvest
Thursday, Jul 17, 2025 8:49 am ET1min read
Curtiss-Wright: Morgan Stanley Reiterates Overweight Rating with $550 PT
In a recent financial update, Morgan Stanley reiterated its "overweight" rating for Curtiss-Wright, setting a target price of $550 per share. This rating comes amidst a period of strong earnings for the investment bank itself, which reported robust second-quarter results despite some challenges in its investment banking division.Morgan Stanley's second-quarter earnings exceeded Wall Street expectations, with net revenue reaching $16.8 billion, up nearly 12% from the previous year. Net income rose to $3.5 billion, or $2.13 per share, compared to $3.1 billion, or $1.82 per share, in the same period last year [1].
The bank's institutional securities unit generated $7.6 billion in revenue, driven by a 23% jump in equities trading and a 9% rise in fixed-income revenues. However, investment banking revenues fell 5%, as a drop in merger and acquisition advisory fees offset gains from equity underwriting, including high-profile IPOs such as fintech firm Chime and Hinge Health. Wealth management revenue rose 14% year-on-year to $7.8 billion, benefiting from increased client activity and higher asset management fees [1].
Despite the strong overall performance, investors reacted negatively to a sharp rise in provisions for credit losses, which increased to $196 million from $76 million a year ago. This, coupled with continued underperformance in investment banking relative to peers, led to a drop in shares [1].
Looking ahead, Morgan Stanley expressed optimism about a recovery in capital markets activity, noting increased client engagement in the latter half of the quarter. The bank also announced a 33% increase in its quarterly dividend to $1.00 per share and reiterated its commitment to maintaining flexibility in capital deployment [1].
At the time of the report, shares in Morgan Stanley were down 3.14% in New York, trading at $137.15 [1].
References:
[1] https://www.sharecast.com/news/international-companies/morgan-stanley-beats-q2-forecasts-investment-banking-performance-drags--20323222.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet