MS
Morgan Stanley
MS has a slight edge over WNEB overall, supported by stronger modeled upside and lower modeled downside.
WNEB
Western New England Bancorp, Inc.
WNEB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
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.
WNEB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
WNEB'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 WNEB.
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 WNEB in the historical PE scenario, which offers more potential upside but is not a forecast.
WNEB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.2x | $8.18 | -40% |
| Fair | 13x | $12.99 | -3.9% |
| Forward | 13x | $13.52 | — |
| Current | 14x | $13.52 | — |
| Expensive | 18x | $18.21 | +35% |
Historical ranges are pointers, not guarantees.
WNEB's PE is 14x, 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 |
MS has the edge over WNEB on the outlook, with more favorable valuation expectations.
WNEB Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for WNEB, with profitability improving.
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 WNEB on earnings, with more consistent year-over-year improvement.
WNEB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.04 | +4.3% |
| Q3 2026 | $1.00 | +52% |
| Q2 2026 | $0.84 | +42% |
| Q1 2026 | $0.89 | +68% |
| Q4 2025 | $0.76 | +36% |
| Q3 2025 | $0.66 | +27% |
| Q2 2025 | $0.59 | -7.8% |
| Q1 2025 | $0.53 | -12% |
| Q4 2024 | $0.56 | -20% |
WNEB earned $1.00 per share over the past year, up 52% from the year before. Its recent earnings include one-off gains.
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 WNEB 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.
WNEB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $23.9M | +12% |
| Q2 2026 | $22.7M | +7.9% |
| Q1 2026 | $22.3M | +22% |
| Q4 2025 | $22M | +19% |
| Q3 2025 | $21.3M | +19% |
| Q2 2025 | $21.1M | +15% |
| Q1 2025 | $18.3M | +1.5% |
| Q4 2024 | $18.5M | -1.9% |
WNEB's revenue has grown year over year for seven quarters in a row: $24M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +15 points |
| Q2 2026 | 21% | -7.4 points |
| Q1 2026 | 28% | +12 points |
| Q4 2025 | 30% | +6.5 points |
| Q3 2025 | 20% | +5.6 points |
| Q2 2025 | 29% | +5.2 points |
| Q1 2025 | 16% | -4.8 points |
| Q4 2024 | 24% | +4.4 points |
WNEB 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 |
WNEB has the stronger cash trend. Its trailing FCF is down 3% versus its history, compared with MS at down 492%.
WNEB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $5.9M | -14% |
| Q1 2026 | -$388K | +$853K |
| Q4 2025 | $6.4M | +22% |
| Q2 2025 | $6.8M | +247% |
| Q1 2025 | -$1.2M | -206% |
| Q4 2024 | $5.2M | -30% |
| Q1 2024 | $1.2M | +$7.2M |
| Q4 2023 | $7.5M | -54% |
WNEB's free cash flow was $19M over the past year, up 48% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WNEB.
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.
WNEB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -103K shares |
| 1 year | -2.2% | -450K shares |
| 3 years | -8.7% | -1.9M shares |
| 5 years | -13% | -2.9M shares |
| Available history | -25% | -6.5M shares |
WNEB has the edge over MS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.9M |
| Q2 2026 | $2.7M |
| Q1 2026 | $2.8M |
| Q4 2025 | $1.2M |
| Q3 2025 | $24,000 |
| Q2 2025 | $2.8M |
| Q1 2025 | $2.1M |
| Q4 2024 | $2M |
WNEB spent $9M buying back its own shares over the past year, up 37% from the year before.
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.
WNEB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.2x | Healthy |
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 4.7x | High |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 4.9x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 5.9x | High |
| Q4 2024 | 6.3x | High |
WNEB has the edge over MS on leverage, with a lower net debt burden relative to earnings.
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).
WNEB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 44.0 | Neutral |
WNEB's weekly RSI is 48 (neutral) and its Stochastic is 44 (neutral).
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.
WNEB PE vs Financial Services Sector
| Metric | WNEB | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 3.8% above |
| PE % | 52 | 63 | 11 pts below |
WNEB 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 has the edge over WNEB on trend strength, trading above more of its moving averages.
WNEB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.8 | 1.7% below |
| 20 week MA | $13.8 | 2.3% below |
| 50 week MA | $13.5 | 0.1% below |
| 100 week MA | $11.9 | 14% above |
| 200 week MA | $9.78 | 38% above |
WNEB has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 38% above 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 finished higher in five of the last six years. It's up 4% so far in 2026.
WNEB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.61 | $6.75 | -30% |
| 2021 | $6.75 | $8.61 | +28% |
| 2022 | $8.61 | $9.56 | +11% |
| 2023 | $9.56 | $9.00 | -5.9% |
| 2024 | $9.00 | $9.19 | +2.1% |
| 2025 | $9.19 | $12.8 | +39% |
| 2026 YTD | $12.8 | $13.5 | +5.5% |
WNEB has the edge over MS on returns for 2026, with the stronger performance.