Banking On The Banks: Is Morgan Stanley A Buy?
According to Richard Bove, you’d be stupid to even think no. While Bove is right, it’s lagged all but one of the big banks (WFC) with just a 30% gain YTD, that doesn’t have any effect on future results. The catalyst here is the full merger with Citi’s remaining 49%. Morgan Stanley Smith Barney is at present, a mash up of decades worth of mergers and acquisitions with very little though given toward how to seamlessly blend the smorgasbord of corporate entities into a well oiled machine (Trust me. I worked there). The computer systems are a mess (supposedly being … Read more