Keefe, Bruyette & Woods keeps Outperform on State Street and Morgan Stanley, both at $230
KBW holds Outperform on State Street and reiterates it on Morgan Stanley, with $230 targets on both, citing fee growth and trading revenue gains.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Analysts at Keefe, Bruyette & Woods kept their Outperform rating on State Street shares with a $230 target. The target sits 37.8% above the October 14 close of $166.89. The firm noted fee growth of 12%, expected to reach 13.5% in coming quarters despite a recent revenue miss, and said the stock trades at a 13% discount to peers, with a 24% return on tangible common equity (ROTCE).
The same firm reiterated Outperform and a $230 target on Morgan Stanley. That target is 26.7% above the October 14 close of $181.51. KBW pointed to wealth management generating 45% of third-quarter 2026 revenue with a 30.4% pre-tax margin, and trading revenue rising 23% year over year after a roughly 20% share price correction.
why it matters
For markets, the notes show how analysts view large US banks: fee income, trading and wealth management remain the focus, and the targets are measured against the October 14 closing prices. These are views from a single research house, not investment recommendations.
tags
instruments
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗