Morgan Stanley's Strategy Is Paying Off

On Thursday's Market Foolery, host Chris hill alongside Simon Erickson, a Motley Fool Rule Breakers analyst, and David Hanson, a financial analyst, look at Morgan Stanley's (NYSE: MS  ) turn around with CEO James Gorman at the helm.

Chris offers that second quarter profits for Morgan Stanley nearly doubled thanks in part to a tax benefit. The company's wealth management section showed strong results and he thinks the company is running quite well. David focuses on the new CEO James Gorman who has focused on wealth management, which isn't a risky business. In doing so, Gorman avoids risk and works toward reliability. David sees Gorman as rationalizing the business and results show that he's done a great job-especially since Morgan Stanley almost went under in 2008 and the stock has doubled in the last year or so.

When talking about big banks, Chris mentions, that analysts usually lump them all together except for Well Fargo. Chris says that Well Fargo is usually set aside and he wonders if Morgan Stanley should also be set apart because they aren't competing with the big Wall Street banks. David acknowledges that there's quite a bit of difference with what Morgan Stanley now works hard to do and what the big banks focus on.

Morgan Stanley + Apple? This device makes it possible.
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its destined to change everything from banking to health care. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3033689, ~/Articles/ArticleHandler.aspx, 8/28/2015 6:37:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Chris Hill

Full-time host of the Motley Fool Money radio show, MarketFoolery podcast, and other things. Part-time connoisseur of movies, basketball & fine bourbon.

Today's Market

updated Moments ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:04 PM
MS $34.05 Down -0.25 -0.73%
Morgan Stanley CAPS Rating: ***