Jim Cramer and Stephanie Link Explain Why They Like Morgan Stanley

Jim Cramer and Stephanie Link explain why they added Morgan Stanley to their Action Alerts PLUS portfolio. Link says CEO James Gorman is transitioning the company into a more recurring revenue global wealth management business but there's still upside. Cramer notes the company has really gotten out of the risk business. Link adds that the returns are at 9 percent but could go into the low teens which gives them some substantial earnings power. So overtime there's upside to earnings and upside to valuation. Cramer thinks we're going to see a recurring revenue stream that's going to get a higher multiple than every other financial with the exception of MasterCard/Visa group.