Comp Sheet and Consensus EPS Revision Tracker

Research evidence excerpt

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M

Foundation

August 19, 2026 04:34 AM GMT

Brokers, Asset Managers & Exchanges | North

America

Morgan Stanley & Co. LLC

Michael J. Cyprys, CFA, CPA

Equity Analyst

Comp Sheet and Consensus

EPS Revision Tracker

Barron Thomas

Research Associate

Kade O'Reilly

Research Associate

Joseph Tumillo, CFA

Our comp sheet provides detailed metrics across covered and

non-covered companies within our four major sub-sectors, as

well as consensus EPS revisions and historical stock

performance.

Research Associate

Brokers, Asset Managers & Exchanges

North America

Industry View

In-Line

Key Takeaways

Comparable trading multiples, including: P/E, EV/EBITDA, Mkt Cap to AuM, Div.

Yield for trad & alt asset managers, brokers, and market infrastructure/exchanges

Alternative Asset Manager SOTP market implied carry multiples - see Alts Annex

Comp Sheet

Investor sentiment and positioning, including short interest

Sub-sector historical stock performance metrics and consensus EPS revision

history, including: 1 week, 1 month, 3 month, YTD, LTM

Traditional and Alternative Asset Manager AuM mix; Alts earnings mix; Brokers

and Exchanges revenue mix

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companies covered in Morgan Stanley Research. As a result,

investors should be aware that the firm may have a conflict of

interest that could affect the objectivity of Morgan Stanley

Research. Investors should consider Morgan Stanley

Research as only a single factor in making their investment

decision.