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In its March 29, 1999, issue, Business Week ranked the top 50 best performing companies in the Standard & Poors 500 index for 1998. Morgan Stanley ranked eighth, up from tenth last year. In addition, Morgan Stanley ranked first among Non Bank Financials, outperforming the 43 other Non Bank Financials included in the S&P 500.
To choose these top corporate performers, Business Week evaluated each S&P 500 company on eight criteria: total return (one year), total return (three years), sales growth (one year), sales growth (three years), profit growth (one year), profit growth (three years), net margin and return on equity. Morgan Stanley ranked in the top 20% of the S&P 500 in three-year total return, one-year profit growth, three-year profit growth and return on equity.
According to Business Week, Morgan Stanley's success can be detailed as follows:
| Market Value | |
| February 26, 1999 ($MM) | 51,193.2 |
| Total Return (one year) | 31.0 |
| Total Return (three years) | 249.4 |
| Sales | |
| 12 Months 1998 ($MM) | 31,131.0 |
| Change from 1997 (%) | 15 |
| Three-year Average Change (%) | 18.8 |
Profitability | |
| 12 Months 1998 ($MM) | 3,393.0 |
| Change from 1997 ($) | 31 |
| Three-year Average Change (%) | 32.1 |
| Net Margin 1998 | 10.9 |
| Net Margin 1997 | 9.5 |
| Return on Invested Capital | 8.8 |
| Return on Common Equity | 23.6 |
Investment Data | |
| Recent Share Price ($) | 91.00 |
| 12-Month High/Low ($) | 98/37 |
| P-E Ratio | 16 |
| Dividend Yield | 1.06 |
| Earnings Per Share 1998 | 5.52 |
| Estimated Earnings Per Share 1999 | 5.25 |
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