Jim Cramer Says Shares of Morgan Stanley Are Inexpensive

Morgan Stanley (MS) - Get Report reported third quarter results which topped analyst forecasts and Jim Cramer believes the shares are inexpensive and would make a good addition to an investor's portfolio. Cramer says, "I like Morgan Stanley because of the consistency of the wealth management business because it has had very good growth and is very profitable. Fixed income was very good, but that may have been a one-off. i like the current situation."