The financial sector closed the day up 2.4%. Plumas Bancorp ( PLBC), Vestin Realty Mortgage I Inc ( VRTA), First Federal of Northern Michigan Bancorp ( FFNM), and Summit Financial Group Inc ( SMMF) were all decliners today within the financial sector with Morgan Stanley ( MS) being today's featured financial loser. Morgan Stanley fell $1.18 (-9.5%) to $13.65 on heavy volume. Throughout the day, 68.7 million shares of Morgan Stanley exchanged hands as compared to its average daily volume of 27.7 million shares. Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. Morgan Stanley has a market cap of $26 billion and is part of the financial services industry. The company has a P/E ratio of 18.3, below the average financial services industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 54.2% year to date as of the close of trading on Monday. TheStreet Ratings rates Morgan Stanley as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
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