NEW YORK ( TheStreet)-- In the second half of January there was a wave of Q4 earnings results from the banks in the PHLX KBW Banking Index ( BKX.X), and 12 of the 17 I profiled on Jan. 10 in
The move comes after both Bank of America/Merrill Lynch and Morgan Stanley announced efforts to move away from the practice.
The stock is breaking out of a triangle pattern that projects an 11% move higher.
They are the stocks that are key to this market.
Morgan Stanley currently has 15,000 brokers.