MS
Morgan Stanley
MS has a slight edge over WTBA overall, supported by stronger modeled upside and stronger valuation.
WTBA
West Bancorporation, Inc.
WTBA offers stronger fundamentals, 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.
WTBA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WTBA's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WTBA.
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.
WTBA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $19.63 | -35% |
| Forward | 11x | $30.20 | — |
| Fair | 12x | $27.64 | -8.5% |
| Expensive | 13x | $31.44 | +4.1% |
| Current | 13x | $30.20 | — |
Historical ranges are pointers, not guarantees.
WTBA has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
WTBA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WTBA, 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 WTBA on earnings, with more consistent year-over-year improvement.
WTBA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.75 | +17% |
| Q3 2026 | $2.36 | +25% |
| Q2 2026 | $2.24 | +33% |
| Q1 2026 | $2.07 | +35% |
| Q4 2025 | $1.92 | +35% |
| Q3 2025 | $1.89 | +48% |
| Q2 2025 | $1.69 | +32% |
| Q1 2025 | $1.53 | +16% |
| Q4 2024 | $1.42 | -1.4% |
WTBA earned $2.36 per share over the past year, up 25% 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's revenue has grown year over year for 14 quarters in a row: $20.3B last quarter, up 12% from the same quarter a year ago.
| 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.
WTBA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $29.1M | +16% |
| Q2 2026 | $28.1M | +18% |
| Q1 2026 | $26.9M | +17% |
| Q4 2025 | $23.3M | +12% |
| Q3 2025 | $25M | +23% |
| Q2 2025 | $23.8M | +22% |
| Q1 2025 | $23.1M | +21% |
| Q4 2024 | $20.9M | +14% |
WTBA has the edge over MS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 52% | +6.2 points |
| Q2 2026 | 51% | +7.6 points |
| Q1 2026 | 50% | +6.6 points |
| Q4 2025 | 41% | +10 points |
| Q3 2025 | 46% | +9.3 points |
| Q2 2025 | 43% | +11 points |
| Q1 2025 | 43% | +5.8 points |
| Q4 2024 | 31% | +0.3 points |
WTBA 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.
WTBA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.6M | +45% |
| Q2 2026 | $14.1M | +10% |
| Q1 2026 | $12.4M | +50% |
| Q4 2025 | $11.4M | +39% |
| Q3 2025 | $10.8M | +55% |
| Q2 2025 | $12.8M | +366% |
| Q1 2025 | $8.3M | +$12.5M |
| Q4 2024 | $8.2M | +$12.7M |
WTBA 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 the edge over WTBA on shareholder dilution, with a more favorable share count trend.
WTBA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +105K shares |
| 1 year | +1.7% | +291K shares |
| 3 years | +3.2% | +538K shares |
| 5 years | +3% | +503K shares |
| Available history | +5% | +826K shares |
WTBA has 17M diluted shares, up 1.7% from a year ago.
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.
WTBA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.6x | Healthy |
WTBA 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).
WTBA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.3 | Neutral |
| Stochastic | 67.4 | Neutral |
WTBA's weekly RSI is 62 (neutral) and its Stochastic is 67 (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.
WTBA PE vs Financial Services Sector
| Metric | WTBA | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.7% below |
| PE % | 75 | 63 | 12 pts above |
WTBA 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.
WTBA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 1.5% above |
| 20 week MA | $28.8 | 4.7% above |
| 50 week MA | $25.9 | 17% above |
| 100 week MA | $23.1 | 31% above |
| 200 week MA | $21.0 | 44% above |
WTBA 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.
WTBA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.5 | $19.4 | -24% |
| 2021 | $19.4 | $31.2 | +61% |
| 2022 | $31.2 | $25.1 | -19% |
| 2023 | $25.1 | $21.2 | -16% |
| 2024 | $21.2 | $21.8 | +2.8% |
| 2025 | $21.8 | $22.5 | +3.4% |
| 2026 YTD | $22.5 | $30.2 | +34% |
WTBA has the edge over MS on returns for 2026, with the stronger performance.