Morgan Stanley's Strategy Is Paying Off

Latest second quarter profits show a turn around.

Jul 17, 2014 at 6:26PM

On Thursday's Market Foolery, host Chris hill alongside Simon Erickson, a Motley Fool Rule Breakers analyst, and David Hanson, a Fool.com 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.

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Chris Hill has no position in any stocks mentioned. David Hanson owns shares of Goldman Sachs. Simon Erickson has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and Wells Fargo. The Motley Fool owns shares of Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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