
More Squawk from Jim Cramer: Morgan Stanley (MS) ‘Came Back Very Quickly’
NEW YORK (TheStreet) -- Shares of Morgan Stanley (MS) - Get Report are advancing 1.38% to $28.58 on Wednesday morning after the company reported strong earnings for the 2016 second quarter.
"The last quarter was disappointing and they came back very quickly," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.
"So it does seem to me that this is the last of the financials that I was concerned about and they were all pretty good," Cramer said referring to bank earnings.
"When Wells Fargo (WFC) is the weakest player isn't that something," Cramer added.
Out of the big banks, Cramer said JPMorgan Chase (JPM) second quarter results were the best "by far."
"JPMorgan by far. Not even anybody close. Totally distinguished themselves in all the businesses. Monster quarter, monster beat," Cramer stated.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on Morgan Stanley stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity.
But the team also finds weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MS










