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.
NMCO
Nuveen Municipal Credit Opportunities Fund
There isn't enough reported data to score NMCO yet.
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.
NMCO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Unavailable | |
| N/A | |
| N/A |
There isn't enough reported data to rate NMCO's fundamentals.
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.
NMCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3.6x | N/A | N/A |
| Current | 18x | $8.80 | — |
| Fair | 19x | N/A | N/A |
| Expensive | 98x | N/A | N/A |
Historical ranges are pointers, not guarantees.
NMCO's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
NMCO Forward outlook
There aren't enough analyst estimates for NMCO to show an outlook.
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's earnings per share have climbed steadily: $12.60 over the past year, up 29% from the year before, and higher year over year for 10 quarters in a row.
NMCO Earnings Per Share
NMCO and MS do not have enough comparable growth data to identify a winner.
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 NMCO in the latest year-over-year revenue comparison.
| 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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
NMCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $30M | -1.4% |
| Q2 2025 | $30.4M | -10% |
| Q4 2024 | $27M | +7.8% |
| Q2 2024 | $33.9M | +9.3% |
| Q4 2023 | $25M | -23% |
| Q2 2023 | $31M | +4.8% |
| Q4 2022 | $32.6M | +9.1% |
| Q2 2022 | $29.6M | -5.6% |
NMCO's revenue is shrinking: $30M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 51% | -33 points |
| Q2 2025 | 82% | +0.5 points |
| Q4 2024 | 78% | -3.7 points |
| Q2 2024 | 84% | +5.1 points |
| Q4 2023 | 77% | -1.7 points |
| Q2 2023 | 82% | +1 points |
| Q4 2022 | 82% | +1 points |
| Q2 2022 | 79% | -0.3 points |
NMCO's operating margin was 51% last quarter, down 26 points from the same quarter a year ago, near the bottom of its range since 2020.
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.
NMCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $30.7M | -35% |
| Q4 2025 | $2.2M | -84% |
| Q2 2025 | $47.4M | +243% |
| Q4 2024 | $13.7M | -66% |
| Q2 2024 | $13.8M | -42% |
| Q4 2023 | $40M | +$47.5M |
| Q2 2023 | $24M | +16% |
| Q4 2022 | -$7.6M | -171% |
NMCO's free cash flow was $94M over the past year, up 34% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NMCO.
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 NMCO on shareholder dilution, with a more favorable share count trend.
NMCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.1% | +1.1M shares |
| 1 year | +2.1% | +1.1M shares |
| 3 years | +5% | +2.7M shares |
NMCO has 56M diluted shares, up 2.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q4 2023 | — |
| Q2 2023 | — |
| Q4 2022 | — |
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's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
NMCO Net Leverage
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).
NMCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.9 | Neutral |
| Stochastic | 25.7 | Neutral |
NMCO's weekly RSI is 31 (neutral) and its Stochastic is 26 (neutral).
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS has the edge over NMCO on valuation relative to its sector.
NMCO PE vs Financial Services Sector
| Metric | NMCO | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 41% above |
| PE % | 49 | 63 | 14 pts below |
NMCO is trading at 18x earnings, a 41% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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 NMCO on trend strength, trading above more of its moving averages.
NMCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.83 | 0.3% below |
| 20 week MA | $9.75 | 9.7% below |
| 50 week MA | $10.3 | 14% below |
| 100 week MA | $10.5 | 16% below |
| 200 week MA | $10.6 | 17% below |
NMCO is in a downtrend: it's below all five of its weekly moving averages, and 17% below its 200-week average.
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 the edge over NMCO on returns for 2026, with the stronger performance.
NMCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.3 | $12.8 | -17% |
| 2021 | $12.8 | $15.7 | +23% |
| 2022 | $15.7 | $11.0 | -30% |
| 2023 | $11.0 | $9.97 | -9.2% |
| 2024 | $9.97 | $10.5 | +5.5% |
| 2025 | $10.5 | $10.2 | -2.9% |
| 2026 YTD | $10.2 | $8.80 | -14% |
NMCO has finished lower in four of the last six years. It's down 14% so far in 2026.