RBC Capital Markets adjusted their outlook on Morgan Stanley (NYSE:MS) shares, raising the price target from $122.00 to $142.00. The firm maintained a Sector Perform rating on the stock. The upgrade comes as Morgan Stanley's stock trades near its 52-week high of $136.

In a report released yesterday, Deane Dray from RBC Capital maintained a Hold rating on Lennox International (LII – Research Report), with a

Bank stocks have been on a post-election upswing, with the KBW Nasdaq Bank Index ( ^BKX) up 14% since Trump won the presidency. Morgan Stanley has notched a 17% gain. Investors have a dinner plate to choose from to explain the bullishness.

Exelixis Inc (EXEL) stock saw a modest uptick, ending the day at $32.73 which represents a slight increase of $0.35 or 1.08% from the prior close of $32.38. The stock opened at $32.92 and touched a low of $32.

The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.

In a report released today, Sebastian Kuenne from RBC Capital maintained a Hold rating on ABB Ltd (0NX2 – Research Report), with a price target

Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.

Corporation (NASDAQ: CTSH) has announced the expansion of its partnership with biopharmaceutical company Gilead Sciences (NASDAQ: NASDAQ:GILD), aiming to enhance Gilead's customer service, employee engagement,

Wall Street analysts largely maintained bullish views on IBM ( NYSE: IBM) after the tech giant's fourth-quarter results and outlook surpassed expectations. Shares of IBM jumped about 9% premarket on Thursday. RBC Capital Markets kept its Outperform rating and raised the price target on the shares to $276 from $250.

The company's net interest margin increased to 3.05% in Q4 2024, up from 2.75% in Q4 2023, driven by asset repricing. Management expects further NIM expansion into 2025. Loans grew to $22.2 billion, up 4.6% year-over-year, primarily due to the Lone Star Bank merger. Excluding merger-related impacts, loans decreased by $88 million in 2024.

Like other recent pools of securitized mortgages located in the Los Angeles County area, any loans that exhibited material damage from the fires were removed from the pool before closing.

The Adam Watson-led APA is understood to be instead focusing – at this time – on organic opportunities within its existing business.