Morgan Stanley Enhanced Outlook For Large Cap Banks

Enthused by strong second quarter performance, Morgan Stanley (NYSE:MS)’s research team enhanced its outlook for large cap banks. In their recent North America ‘large cap banks’ report, Betsy L. Graseck and team at Morgan Stanley Research are satisfied with strong performance by large banks on several fronts such as better credit, improving outlook for net interest margin, and net interest income. The strong performance has encouraged the analysts to enhance their capital return estimates. Morgan Stanley: overweight call on 5 banks Morgan Stanley analysts favor banks that have a greater tailwind to earnings with higher potential for rising estimates. The analysts…