We're buying up shares of this bank stock on a steep post-earnings pullback

Nederland Nieuws Nieuws

We're buying up shares of this bank stock on a steep post-earnings pullback
Nederland Laatste Nieuws,Nederland Headlines

Shares of the firm were down roughly 8% in midday trading Wednesday, hitting a new 52-week low.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

We are buying 75 shares of Morgan Stanley , at roughly $73.79 apiece. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,475 shares of MS, increasing its weighting in the portfolio to 3.87% from 3.68%. Shares of Morgan Stanley were down roughly 8% in midday trading Wednesday — hitting a new 52-week low — after the bank reported mixed third-quarter results before the opening bell.

To be fair, we would have preferred to see a larger number come through, as well. But management has always said that this figure would have some lumpiness quarter to quarter, making it misguided to extrapolate one quarter's results to the next. And with $235 billion in net new assets over three quarters, Morgan Stanley is still on track to reach its goal.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

CNBC /  🏆 12. in NL
 

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

5 things to know before the stock market opens Wednesday5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Lees verder »

5 things to know before the stock market opens Wednesday5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day.
Lees verder »

The top 10 things to watch in the stock market WednesdayThe top 10 things to watch in the stock market WednesdayU.S. stock are under pressure in premarket trading Wednesday, while Club names Procter & Gamble and Morgan Stanley deliver quarterly beats.
Lees verder »



Render Time: 2025-01-15 16:19:20