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Morgan Stanley (MS) Stock May Be Slightly Overvalued Following New Crypto ETF Launch

Morgan Stanley (MS) Stock May Be Slightly Overvalued Following New Crypto ETF Launch

Morgan Stanley stock has delivered a very strong 168.9% return over the past three years, and the current checks now point to a price that looks roughly in line with an intrinsic value estimate based on the Excess Returns model and with market based multiples that sit in the about right range. That combination leaves t

Morgan Stanley stock has delivered a very strong 168.9% return over the past three years, and the current checks now point to a price that looks roughly in line with an intrinsic value estimate based on the Excess Returns model and with market based multiples that sit in the about right range. That combination leaves the stock looking less like an obvious bargain and more like one where recent gains and valuation are closely matched. The 168.9% three year return highlights how much value the...