We're taking some profits in our bank stocks after big runs and ahead of a tricky time

We're selling 50 shares of Morgan Stanley at roughly $100.04 each and 110 shares of Wells Fargo at roughly $60.65. Following Friday's trades, Jim Cramer's Charitable Trust will own 1,100 shares of MS, decreasing its 3.3% weighting to from 3.45% and 2,000 shares of WFC, decreasing its weighting to 3.64% from 3.84%. We're making two small trims and locking in solid gains in our two bank stocks following their strong moves toward their 52-week highs over the past week.

WFC MS YTD mountain Wells Fargo vs. Morgan Stanley YTD Bank earnings are also on the horizon, with Wells Fargo, JPMorgan , and Citigroup set to report next Friday. Morgan Stanley, Bank of Americ a, and Goldman Sachs report the week after next. These stocks are historically fickle around earnings, providing a reason to take a little off the table with these stocks near highs. "We have bank earnings beginning next week.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market FridayWall Street is on track for another day of gains following the release of the Fed's preferred inflation gauge for May.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market FridayThe S&P 500 and Nasdaq are taking a breather Friday. But Adobe is surging after a tour-de-force quarter.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market FridayStocks were lower across the board after a stronger-than-expected May jobs report.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayThe S&P 500 and Nasdaq Composite are trying for three-day win streaks before we get a key inflation reading Friday morning.
Source: CNBC - 🏆 12. / 72 Read more »