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.
RBB
RBB Bancorp
RBB's fundamentals are strong: its operating margin rose 16 points to 43% and earnings per share grew 72%. At 10x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
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.
RBB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
RBB's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like RBB.
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 has the edge over RBB in the historical PE scenario, which offers more potential upside but is not a forecast.
RBB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $17.51 | -33% |
| Fair | 9.8x | $25.39 | -2.5% |
| Current | 10x | $26.04 | — |
| Forward | 11x | $26.04 | — |
| Expensive | 12x | $31.59 | +21% |
Historical ranges are pointers, not guarantees.
RBB's PE is in its fair range at 10x. On analysts' estimates for next year's earnings, today's price would be 11x, in its expensive range.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
MS has the edge over RBB on the outlook, with more favorable valuation and revenue expectations.
RBB Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RBB's earnings to grow and its profitability to improve, with its revenue holding steady.
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 RBB on earnings, with more consistent year-over-year improvement.
RBB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.31 | -10% |
| Q3 2026 | $2.58 | +72% |
| Q2 2026 | $2.43 | +87% |
| Q1 2026 | $2.36 | +102% |
| Q4 2025 | $1.83 | +24% |
| Q3 2025 | $1.50 | -18% |
| Q2 2025 | $1.30 | -32% |
| Q1 2025 | $1.17 | -44% |
| Q4 2024 | $1.47 | -34% |
RBB earned $2.58 per share over the past year, up 72% from the year before.
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 RBB 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's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
RBB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $36.9M | +13% |
| Q2 2026 | $33.1M | -7.6% |
| Q1 2026 | $34.8M | +22% |
| Q4 2025 | $32.3M | +13% |
| Q3 2025 | $32.6M | +7.5% |
| Q2 2025 | $35.8M | +30% |
| Q1 2025 | $28.5M | +0.7% |
| Q4 2024 | $28.7M | -13% |
RBB's revenue is growing: $37M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +4.9 points |
| Q2 2026 | 43% | +6.4 points |
| Q1 2026 | 45% | +34 points |
| Q4 2025 | 39% | +22 points |
| Q3 2025 | 41% | +9.1 points |
| Q2 2025 | 36% | +0.5 points |
| Q1 2025 | 11% | -29 points |
| Q4 2024 | 18% | -34 points |
RBB has the edge over MS on profitability, with a higher operating margin.
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.
RBB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$820K | -147% |
| Q2 2026 | $22.3M | +3.4% |
| Q1 2026 | $19.4M | +156% |
| Q4 2025 | $11.7M | -32% |
| Q3 2025 | $1.8M | -93% |
| Q2 2025 | $21.6M | +87% |
| Q1 2025 | $7.6M | +62% |
| Q4 2024 | $17.2M | +$26.1M |
RBB has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 1.6B diluted shares, down 1.5% from a year ago.
RBB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -114K shares |
| 1 year | -1.6% | -274K shares |
| 3 years | -10% | -2M shares |
| 5 years | -14% | -2.8M shares |
| Available history | -17% | -3.4M shares |
RBB has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.5M |
| Q4 2025 | $1,000 |
| Q3 2025 | $12.5M |
| Q2 2025 | $1.5M |
| Q1 2025 | — |
| Q4 2024 | $9,000 |
| Q3 2024 | $11M |
| Q2 2024 | $8.1M |
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.
RBB 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).
RBB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 19.1 | Oversold |
RBB's weekly RSI is 54 (neutral) and its Stochastic is 19 (oversold).
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.
RBB PE vs Financial Services Sector
| Metric | RBB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 23% below |
| PE % | 52 | 63 | 11 pts below |
RBB has the edge over MS on valuation relative to its sector.
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's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
RBB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.0 | 0.3% above |
| 20 week MA | $26.5 | 1.6% below |
| 50 week MA | $24.1 | 8.2% above |
| 100 week MA | $21.1 | 23% above |
| 200 week MA | $19.3 | 35% above |
RBB has the edge over MS on trend strength, trading above more of its moving averages.
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.
RBB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.2 | $15.4 | -27% |
| 2021 | $15.4 | $25.2 | +64% |
| 2022 | $25.2 | $21.1 | -16% |
| 2023 | $21.1 | $19.0 | -9.8% |
| 2024 | $19.0 | $20.8 | +9.2% |
| 2025 | $20.8 | $21.1 | +1.4% |
| 2026 YTD | $21.1 | $26.0 | +24% |
RBB has the edge over MS on returns for 2026, with the stronger performance.