How Morgan Stanley Lost Almost $1 Billion Last Quarter -- on 1 Client
Like several other major banks that reported earnings last week, Morgan Stanley's (NYSE: MS) first-quarter earnings report blew analysts' expectations out of the water. However, a closer look reveals a sizable loss tied to the scandalous implosion of Archegos Capital Management, one of Morgan's institutional clients. While this shock to investors has kept the stock's price down since it was disclosed last week, digging into the company's record-setting results reveals that Morgan Stanley may currently be the best financial sector stock for your portfolio. Here's why investors may be missing Morgan Stanley's forest for its trees.
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