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 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.

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


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