Morgan Stanley (MS). The bank swung to a $2.15 billion profit in the third quarter, helped by a large accounting gain, even as core revenue in trading, banking and wealth management operations fell. It earned $1.15 per common share, compared with a loss of 7 cents per share in the year-ago quarter.
MS had fallen to 11.58 three weeks ago on rumors that they had too much exposure to the falling Euro. I guess that was a great opportunity to buy. The stock is trading at around $17 premarket.
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