Morgan Stanley (MS) continues to dive on fears its Euro exposure will make it the next Lehman, analysts continue rushing to its defense. In addition to Wells Fargo, Credit Suisse is out with a report claiming Morgan Stanley, whose Tier 1 capital ratio is more than twice its Q1 '09 level, can absorb any Euro-related losses.
MS is down 0.80 to 12.70. Here is the chart:
Monday, October 3, 2011
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