Morgan Stanley Offers Steady Profits in a Turbulent World

The U.S. stock market has been on a losing streak lately, ending last week with its ninth consecutive down day, the longest string of daily declines since 1980.

Wouldn't it be nice to have a method of making money even when the market is sliding, way to guarantee profits.

Why does the market keep falling? The latest economic numbers were good.

The answer may be the U.S. presidential election, which is close. Even if Republican presidential candidate Donald Trump loses Tuesday, as most expect, his constant complaint that the system is "rigged" could lead to civil disorder, with the potential to disrupt the world's largest economy.

Although the market averages themselves are down in the short term, the big banks have been enjoying record profits. In the third quarter, Bank of America, Citigroup and JPMorgan Chase all beat earnings expectations.

Morgan Stanley  (MS) may have done the best of all and remains a solid bet on a thriving financial services sector. Shares of the stock rose 3.71% in Monday trading. Investors should grab shares. 

Morgan Stanley's success was broad-based, as all three of the bank's divisions, Institutional Securities, Wealth Management, and Investment Management, beat expectations.

Overall, the firm reported net revenues of $8.9 billion for the quarter that ended Sept. 30, compared with $7.8 billion a year ago -- a more than 14% gain. Earnings per share jumped from 48 cents to 81 cents, year over year (most analysts expected 63 cents).

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