BLX
Banco Latinoamericano de Comercio Exterior, S. A.
There isn't enough reported data to score BLX yet.
MS
Morgan Stanley
MS's fundamentals are strong: revenue grew 16% and earnings per share grew 29%. At 15x earnings, it's trading in line with its usual 14x. Analysts expect earnings growth.
BLX Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
BLX's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLX.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
BLX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.2x | $37.46 | -26% |
| Fair | 7.6x | $45.92 | -8.9% |
| Current | 8.3x | $50.39 | — |
| Expensive | 9.8x | $59.27 | +18% |
Historical ranges are pointers, not guarantees.
BLX has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
BLX Forward outlook
There aren't enough analyst estimates for BLX to show an outlook.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
BLX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $6.06 | +0.8% |
| Q2 2026 | $6.06 | +1.5% |
| Q1 2026 | $6.02 | +7.5% |
| Q4 2025 | $6.11 | +9.1% |
| Q3 2025 | $6.01 | +9.9% |
| Q2 2025 | $5.97 | +13% |
| Q1 2025 | $5.60 | +13% |
| Q4 2024 | $5.60 | +23% |
BLX's earnings per share have climbed steadily: $6.06 over the past year, about the same as the year before, and higher year over year for 20 quarters in a row.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over BLX on earnings, with stronger typical year-over-year growth.
BLX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $234.4M | +12% |
| Q2 2026 | $224.7M | +3.7% |
| Q1 2026 | $83.1M | -59% |
| Q4 2025 | $88.8M | -53% |
| Q3 2025 | $209M | -0.3% |
| Q2 2025 | $216.7M | +4.4% |
| Q1 2025 | $202.1M | -0.6% |
| Q4 2024 | $190M | +7.1% |
BLX's revenue is down over the past year, though its latest quarter was up: $234M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +0.6 points |
| Q2 2026 | 30% | 0 points |
| Q1 2026 | 68% | +42 points |
| Q4 2025 | 63% | +36 points |
| Q3 2025 | 26% | +1 points |
| Q2 2025 | 30% | +5.5 points |
| Q1 2025 | 26% | +0.4 points |
| Q4 2024 | 27% | +0.9 points |
BLX's operating margin was 27% last quarter, up 0.6 points from the same quarter a year ago.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over BLX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS has the edge over BLX on profitability, with a higher operating margin.
BLX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $0 | -100% |
| Q2 2026 | $53.1M | -94% |
| Q1 2026 | $214.2M | +9.1% |
| Q4 2025 | $55.1M | +$361M |
| Q3 2025 | $69M | +$692.8M |
| Q2 2025 | $873.5M | +$932.3M |
| Q1 2025 | $196.3M | +12% |
| Q4 2024 | -$305.9M | -1345% |
BLX has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
BLX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +26K shares |
| 1 year | +1% | +366K shares |
| 3 years | +2.9% | +1.1M shares |
| 5 years | -3.1% | -1.2M shares |
| Available history | -5.1% | -2M shares |
BLX has 38M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
BLX hasn't bought back shares in the past year.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has the edge over BLX on shareholder dilution, with a more favorable share count trend.
BLX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 11.6x | High |
| Q2 2026 | 10.9x | High |
| Q1 2026 | 10.1x | High |
| Q4 2025 | 9.8x | High |
| Q3 2025 | 7.0x | High |
| Q2 2025 | 9.0x | High |
| Q1 2025 | 12.4x | High |
| Q4 2024 | 12.5x | High |
BLX's net debt is about 12 years of its operating earnings (EBITDA), up from 7.0 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BLX.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS has the edge over BLX on leverage, with a lower net debt burden relative to earnings.
BLX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 9.9 | Oversold |
BLX's weekly RSI is 40 (neutral) and its Stochastic is 10 (oversold).
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
BLX PE vs Financial Services Sector
| Metric | BLX | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 60 | 63 | 3 pts below |
BLX has the edge over MS on valuation relative to its sector.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
BLX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.7 | 4.3% below |
| 20 week MA | $55.1 | 8.5% below |
| 50 week MA | $52.6 | 4.3% below |
| 100 week MA | $46.9 | 7.5% above |
| 200 week MA | $36.2 | 39% above |
BLX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 39% above its 200-week average.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS has the edge over BLX on trend strength, trading above more of its moving averages.
BLX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.3 | $15.3 | -28% |
| 2021 | $15.3 | $17.0 | +11% |
| 2022 | $17.0 | $15.9 | -6.5% |
| 2023 | $15.9 | $24.7 | +56% |
| 2024 | $24.7 | $35.4 | +43% |
| 2025 | $35.4 | $44.4 | +26% |
| 2026 YTD | $44.4 | $50.4 | +13% |
BLX has the edge over MS on returns for 2026, with the stronger performance.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has finished higher in five of the last six years. It's up 4% so far in 2026.