Should You Buy Morgan Stanley Stock While It's Below $140?
Morgan Stanley (NYSE: MS) has arguably undergone the most significant transformation among the major Wall Street banks in recent years. Beyond a strategic expansion in wealth management, the bank has embraced technology to enhance profitability.The initiatives have paid off for shareholders, as Morgan Stanley stock has returned 330% in the past five years, outpacing the 133% gain in the S&P 500 (SNPINDEX: ^GSPC). Yet since reaching an all-time high price of $142.03 on Feb. 7, the stock is down about 12% amid concerns about the strength of the economy.Let's discuss what it will take for Morgan Stanley to rebound, and if you should buy the stock now while it's below $140.Continue reading
Morgan Stanley (NYSE: MS) has arguably undergone the most significant transformation among the major Wall Street banks in recent years. Beyond a strategic expansion in wealth management, the bank has embraced technology to enhance profitability.
The initiatives have paid off for shareholders, as Morgan Stanley stock has returned 330% in the past five years, outpacing the 133% gain in the S&P 500 (SNPINDEX: ^GSPC). Yet since reaching an all-time high price of $142.03 on Feb. 7, the stock is down about 12% amid concerns about the strength of the economy.
Let's discuss what it will take for Morgan Stanley to rebound, and if you should buy the stock now while it's below $140.
