NEW YORK (TheStreet) -- Morgan Stanley (MS) shares are down 0.25% to $38.41 in trading on Monday after the financial services provider's deal to sell its oil trading and storage business to Russian company OAO Rosneft (RNFTF) fell through.
The deal was nixed due to the diplomatic fallout from Russia's continued occupation of Ukraine's Crimean peninsula. The two sides announced the sale back in December 2013 for an undisclosed amount and they were expected to close the deal in the latter half of this year.
Morgan Stanley has said that it will continue to try to sell the business.
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TheStreet Ratings team rates MORGAN STANLEY as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MORGAN STANLEY (MS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall."